Bitcoin Faces Potential Labor Day Crash Amidst Whale Activity and "Red September" Fears

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Bitcoin is experiencing a period of sideways trading as August concludes, with cryptocurrency traders bracing for potential downturns often associated with the "Red September" phenomenon. This historical trend, also known as the "September Effect," has seen the S&P 500 average negative returns in September for nearly a century, and Bitcoin's performance has been even more volatile during this month.

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