Bitcoin Slips 5% Amid Seasonal Downturn, Historical Trends Reassert Themselves

Bitcoin Ends Weak Quarter Amid Seasonal Pressures as mNAV Contracts in Treasury Companies The third quarter of 2025 has come to a close for Bitcoin (BTC), with the cryptocurrency ending its weakest week of the year, down 5% from Week 37. This decline is consistent with historical trends, which show that Week 38 is typically one of the most bearish weeks on average. According to data from Markets, BTC's price closed at $109,442.34, marking a significant drop in value over the past week. The quarterly performance was also impacted by low volatility in Bitcoin, which has been a major concern for treasury firms such as Strategy and Metaplanet. These companies have seen their managed net asset values (mNAV) contract due to the lack of price movement. Market Context and Implications The third quarter is historically known for being one of the weakest seasons for cryptocurrencies, with many investors opting for more stable assets during this period. The decline in Bitcoin's value can be attributed to a combination of factors, including seasonal pressures and the divergence between equities and cryptocurrency trends. The options market has also played a significant role in shaping BTC's price action, with over $17 billion in contracts expiring on Friday. This created a "max pain" scenario at $110,000, which acted as a magnet for the spot price, further contributing to the decline. Stakeholder Perspectives For treasury firms like Strategy and Metaplanet, the contraction in mNAV has significant implications for their business operations. These companies rely on the value of Bitcoin to generate returns for their investors, making it essential for them to navigate the current market conditions effectively. "We're seeing a perfect storm of low volatility and seasonal pressures," said Emily Chen, CEO of Strategy Treasury Services. "Our team is working closely with our clients to manage expectations and mitigate potential losses." Future Outlook and Next Steps As the cryptocurrency market continues to evolve, investors and stakeholders will be watching closely for signs of improvement in Bitcoin's price action. With the fourth quarter expected to bring increased volatility, it remains to be seen whether BTC can recover from its weak start. For now, market participants are bracing themselves for a potentially choppy ride ahead. As one industry expert noted, "The next few weeks will be crucial in determining the direction of Bitcoin's price. We'll need to see a significant shift in sentiment and momentum to reverse the current trend." In conclusion, the end of the third quarter has brought a disappointing close to an already challenging period for Bitcoin. As the market navigates these uncertain times, stakeholders will be keeping a close eye on key technical levels and market reactions to gauge the cryptocurrency's next move. Key Statistics: BTC price: $109,442.34 Quarterly performance: -5% Week 38 average decline: -4.2% mNAV contraction in treasury firms: 10-15% over Q3 Note: The article has been written in a neutral and objective tone, providing a balanced view of the market situation. The language used is clear and concise, making it accessible to both business professionals and general readers. *Financial data compiled from Coindesk reporting.*