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Crypto onchain
Crypto onchain
$BTC average Q4 return is +62.6% but the median is only +6.56%. The last one is the number I'd keep in mind after a quarter like this. $BTC just gained 42.6% in Q3 and ETH 70.9%, while total crypto market cap expanded by ~$823B. Pretty strong reset after the weak first half. Now seasonality will probably become part of the Q4 bull case again. But a few exceptional years have pushed BTC's historical average far above what a typical Q4 actually delivered. $BTC $ETH #Q4 #Seasonality

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