📉 Red September. Why does this name circulate?
Statistical history
September is notorious for being a negative month for risk assets (stocks and crypto).
It is not a fixed rule, but rather a narrative bias that the market likes to use based on history.
1. Declining volatility
Before strong movements, there are usually periods of decline in implied volatility (prices fall, market remains sideways).
This misleads traders: it seems calm, but it is precisely the period when large players position themselves for larger movements.
2. Reduced volume
September tends to have weaker volumes, reflecting the end of 'summer in the northern hemisphere' and the reopening of institutional markets.