Will the "falling curse" be broken in September?
In the financial market, there is a saying of "September curse", that is, the market tends to fall in September every year. Historical data shows that in the past 11 years, Bitcoin has fallen 8 times in September, with a probability of up to 72%. In September this year, can the interest rate cut and the US election change this trend?
Impact of rate cuts:
Interest rate cuts usually occur during a recession and are intended to stimulate economic growth. However, interest rate cuts can cause the market to fall because they are usually accompanied by a weak economy. Interest rate cuts are not a one-time action, but a long-term process. The market may react positively in the early stages of a rate cut, but when the good news is realized, the "Sell The News" phenomenon may also occur, that is, investors choose to sell assets.
Impact of the election:
Historical data shows that the market performs better before and after the US presidential election. If the market falls sharply before the election, there may be a rebound after the election. However, this is not absolute, and market performance may also be affected by factors such as economic recession.
In general, although the probability of a decline in September is high, the market trend still needs to pay attention to the Federal Reserve's interest rate meeting on September 18 and the performance of the U.S. stock market. These factors will affect market sentiment and price trends.
There is a lot of noise in the market right now!
Many KOLs posted that: Sun Ge’s latent funds that bought Sun three years ago have begun to be sold! Let the holders run away!
According to the analysis of on-chain analysts, when reviewing transactions three years ago, it was found that more than 20 addresses that had financial transactions with him were marked by Arkham as Sun Ge's associated addresses.
After selling $1.18 million worth of SUN on-chain yesterday afternoon, the address has sold another $1.68 million worth of tokens in the past four hours🥹
Since Justin Sun / TRON Foundation’s associated address first sold $SUN in batches, its price has fallen by 31.4% ($0.04308 > $0.02953), and the time of the sale was the short-term peak of the price📉
In the past two days, this address has also bought tokens worth 39.22 million US dollars, with an average price of $0.03206, which has boosted the short-term rebound of the currency price; it currently still holds 39.22 million SUN, about 1.16 million US dollars.
A dramatic scene began, and Sun Ge responded: Sun Yuchen posted on the X platform that SUN DAO and he himself have not sold any SUN at present, and the address circulated on the Internet has nothing to do with the official.
Sun Ge’s call: SUN surged by 15%!
Sun DAO and HTX DAO will jointly launch a voting activity on September 2, and voting requires staking SUN. SunPump has a daily income of millions, and will repurchase and destroy SUN to accelerate the launch of the [2024 New Deflationary Economic Model]. Justin Sun plans to expand the influence of SUN and aim to get closer to TRX. The current market value of SUN is only 300 million US dollars. Compared with the market value of TRX of 100 billion, the value of SUN is seriously underestimated by the market.
But what do you holders think? Have your own subjective judgment, don't blindly follow the trend!
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
