Inside February, there are two wolves.

GPT-4

The first half of Feb is historically bullish for risk assets like stonks. While the second half is actually the worst 2-week stretch of the year for the SPX.

Crypto exhibits similar behavior in February. The bulk of BTC and ETH’s Feb gains have come in the first half of the month. However, unlike stonks, crypto majors have historically closed Feb with a positive drift.

Delphi Scope x Christian Cioce

So far, BTC and ETH are tracking their historical seasonality performance, which — if you’re a backtest believoor — could set us up nicely over the next couple of weeks.