Bitcoin Faces Week 38 Slump - Records Third-Lowest Average Return

Bitcoin hits turbulence as historical patterns reveal concerning trend.

Seasonal Weakness Exposed

The cryptocurrency market's flagship asset demonstrates uncharacteristic fragility during its 38th trading week. Historical data confirms this period consistently delivers subpar performance - now ranking as the third-worst week for Bitcoin returns annually.

Market Patterns Don't Lie

While traditional markets obsess over quarterly reports, crypto's cyclical nature presents its own brutal honesty. The numbers speak louder than any analyst's prediction: Week 38 consistently undermines bullish momentum with mechanical precision.

Just another reminder that in crypto, even the most reliable assets face scheduled turbulence - almost like clockwork, or perhaps like Wall Street's quarterly earnings season, but with more transparency and less accounting creativity.

Image source: Getty Images.

Is the Opendoor rally fading?

Jackson has been the unofficial leader of the Opendoor meme stock surge, originally setting it off with the argument that Opendoor could be the nextas the online used-car dealer has jumped more than 100 times since avoiding bankruptcy nearly three years ago.

Opendoor's surge over the last three months shows that that argument has resonated, and the rally even helped usher in a leadership change. However, the fundamentals of Opendoor's business haven't changed, and at some point, that will matter.

While falling mortgage rates should favor the company, that won't make it profitable by itself.

What's next for Opendoor?

Since stepping into the CEO chair last week, Kaz Nejatian has been tirelessly promoting the company on social media and touting changes it's made.

Opendoor expanded its product to all 50 states, up from just 50 markets previously, and Nejatian said on X last night that the company has an exciting product coming out in the next week.

Changes are afoot at Opendoor, but it will take time for them to have an impact on the business. There are still good reasons to doubt the online home flipper's business model, but investors clearly want to see disruption from Nejatian.