Derivative trading activity on Bitcoin indicates an optimistic outlook for the digital asset heading into September, despite historical bearish seasonality patterns. Analysts attribute this trend to potential macroeconomic factors and market trends influencing Bitcoin’s price. 3.3% month-on-month decline for Bitcoin in August has been followed by a brief rebound, but remains below $110K. On-chain data reveals increased passive buying activity amidst the uncertainty, driving a slight increase in trading volume. This week’s economic data releases are expected to significantly influence market sentiment. 2017 and 2025 data shows Bitcoin’s price movement during September tends to be bullish after bearish Augusts, suggesting a potential trend reversal. Traders are anticipating a rate cut from the Federal Reserve on September 17th, which could drive further upward momentum for Bitcoin. However, the upcoming Non-farm Payrolls report and its potential impact on market sentiment will also play a key role in defining Bitcoin’s trajectory this month.