How to read the monthly returns table

Each cell is Bitcoin’s change from the first to the last day of that month. Green cells are gains, red cells are losses, and the stronger the colour, the bigger the move. The last column shows the full-year result and the bottom row the average for each calendar month.

Seasonality — useful but not a rule

Some months, like October and November, have historically been strong, while others such as September have often been weak. With only a handful of years of data these patterns are easy to over-read, so use them as context, not as a trading plan.