Founder of CaneIsland Alternative Advisors, Timothy Peterson, associates the current decline of Bitcoin with seasonal factors, as historically, Bitcoin tends to perform poorly at this time of the year. Peterson stated, "Our research indicates that the trend of underperformance of Bitcoin has been consistent from July 22nd to September 22nd." Peterson added, "The seasonal pattern of Bitcoin appears later in the year and prepares for the frequently occurring 'Uptober' (October uptrend)." At the same time, founder of Capriole Investments, Charles Edwards, stated that the launch of Ethereum spot ETF on July 23rd may also affect the market sentiment, "If the Ethereum spot ETF is not launched until 2024, the entire market will be better off. Its launch is detrimental to both Bitcoin and Ethereum. Ethereum has been struggling throughout the cycle, and now that it has launched ETF on the institutional level, it has stirred up the water."
分析：比特币当前下跌与季节性因素有关，以太坊现货ETF推出时机不佳
Analysis: The current decline of Bitcoin is related to seasonal factors, and the timing of launching Ethereum spot ETF is not ideal.
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