Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, October 1st, and that means, you know, we are talking

about uptober. Before we get into that, however, if you are enjoying the breakdown, please go

subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us on the breakers discord. You can find a link in the show notes or go to bit.ly slash

breakdown pod. All right, friends, well, it is officially the start of the best month of the year for

crypto markets, historically speaking at least, which is October. Over the years, October has been

the best month of the year for Bitcoin with an average price gain of 22.9%. There have, in fact,

been only two red octobers coming in 2014 and 2018

during bitter crypto winters. Since 2020, in the beginning of the mainstream Bitcoin era,

October has been even hotter. Bitcoin rose by 25% on average across those four years.

Seasonality might be a meme, but it is an extremely popular one.

Jeff Park, the head of Alpha Strategies at Bitwise, tweeted,

now that September has officially ended, it is time to prepare for October. Sorry, bears,

I don't make the rules. It's just rock-hard science. What's interesting, however, about this

year's seasonality is that September weakness never

really materialized. The month began with a steep drawdown that tapped ranged lows, but

Bitcoin spent the rest of the month in a strong uptrend. The monthly candle closed up 7.3%

according to BitStamp data. For any other month, a 7% bump would be nothing to write

home about. For example, it was only the fourth best month so far this year and well below the average monthly price gain. But for September,

this is staggeringly good. This was the best September on record and one of only four that

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