Navigating Bitcoin’s Seasonality: A Focus on October and November’s Historical Outperformance

Bitcoin’s performance in Q4, particularly in October and November, has historically outshined other periods.

Evaluating Bitcoin's Historical Outperformance in Q4

Bitcoin’s performance in Q4, particularly in October and November, has historically outshined other periods. Institutional investors have noticed that this outperformance coincides with broader market movements, potentially driven by a confluence of factors, including year-end portfolio rebalancing and macroeconomic conditions.

Data overview:
From 2010 to 2023, Bitcoin’s average return in October has exceeded +25%, while November has historically averaged +35%.  Both months outperform other periods such as August and September, which typically see more muted, if not negative, returns.