Bitcoin’s Week 38: A Comedy of Errors and Gold’s Surprise Victory 🥇

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Markets, oh what a delightful spectacle. Who would have thought? Bitcoin, that restless kid in the financial playground, managed to stumble yet again.

What to know (or pretend to know):

  • Week 38 cements itself as the third-worst ever for Bitcoin, showing a lovely -2.25% decline, as if craving some attention.
  • It’s seasonal weakness, folks. But don’t fret-bullish trends in the vast universe of stocks and commodities are still alive and kicking.
  • Gold, that shiny old-timer, shines brighter, stretching its gains above 42% this year – now that’s a prize for patience (or boredom).

Turns out, week 38 is a bit of a sad clown in the grand circus, ranking third-worst with an average drop of -2.25%. Only weeks 28 and 14 have outperformed it in misery, according to some fancy data from Coinglass. Ah, the joys of investment gambling.

This week, Bitcoin lost nearly 2%, dancing around the $113,000 mark. September’s options expiry is whispering sweet nothings about $110,000-probably the “max pain”-which, let’s face it, sounds like a sadist’s favorite game of pretend. Max pain? Just a poetic way to say traders are likely to get hurt.

Market enthusiasm? Oh, it has vanished faster than your last paycheck. Perpetual funding rates for Bitcoin have sunk to a cozy 4%, lower than the amount of patience we have for this volatility. Traders are less eager-probably because they’re busy re-evaluating their life choices.

Implication? Market expectations for future price swings-also known as implied volatility-have plummeted to 37, near historic lows. Maybe everyone’s just waiting for the next big thing, or perhaps they’ve realized “waiting” is the new trend.

Despite this weekly falter, Bitcoin is still roughly 4% up for September and 6% in this promising quarter. With about 14 weeks remaining (more like 14 chances for disaster), most of those weeks have been positive, so maybe we’re just at the calm before the storm-or in this case, a very loud market tantrum.

Meanwhile, gold continues its relentless ascent, adding another 1% and boosting its year-to-date gains past 42%. Gold’s victory lap makes Bitcoin’s rocky ride look like a minor stumble, a real “still shiny” story.

And just to add a touch of irony, AI and high-performance computing stocks-like IREN-have grabbed some spotlight, luring attention away from our dear, fickle Bitcoin. Who knew that machines would outperform digital coins in the game of fame and fortune?

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2025-09-23 14:44