Bitcoin Overcomes the September Curse, Holding at Around $117,000

Historically, September has been considered the weakest month for Bitcoin. On average, returns during this period have been negative over the past 10 years. From 2017 to 2022, the asset experienced six consecutive “bad” months, with prices falling under pressure from profit-taking and seasonal risks. Regulatory news also frequently increased market pressure.

In 2025, the situation changed. As of mid-month, the BTC price had risen by 8.13% and remained near $117,000. This result is a sharp departure from previous cycles and indicates the emergence of a new market scenario.

One of the key factors was the dynamics of exchange reserves. At the end of 2024, over 3 million BTC were held on trading platforms. By September 2025, this figure had fallen to 2.45 million BTC, equivalent to a drop of more than 20%. The reduced supply reduces selling pressure and amplifies the effect of institutional inflows.

Further confirmation comes from the SOPR metric for long-term holders, which stood at 1.44 in September. This indicates that investors are taking profits, but the selling volume is not reaching overheated levels. Most participants continue to hold onto their coins despite the proximity to all-time highs.

It's also worth noting the difference in returns. While September traditionally saw losses of -7% to -13%, in 2025 it's showing a positive return of over 8%. The question now is whether Bitcoin will be able to finish the month in the green and possibly reach new highs.

According to analysts from XWIN Research Japan, the combination of all these factors—falling exchange reserves, the stability of long-term investors, and robust growth—suggests that Bitcoin could finally rewrite history. The “September Curse” is waning, and the market is becoming more resilient to the usual seasonal risks.

Source: cryptonews.net