In the ever-unpredictable crypto world, spotting market bottoms is like trying to catch a falling knife—exciting, but risky. Recently, @defi_monk sparked a lively discussion on X with a tweet suggesting that Bitcoin (BTC) and Ethereum (ETH) might have already hit their lows, contrary to what many traders are expecting.

The tweet, posted on September 3, 2025, reads: "With the amount of people looking for bottoms at $100-105k BTC and sub $4k ETH, I would not be surprised if we just bottomed at $107-108k and $4k after the worst week for ~seasonality in August." For those new to the term, "seasonality" in crypto refers to historical patterns where certain months, like August and September, tend to be rough for prices due to factors like summer slowdowns or end-of-quarter sell-offs.

This take challenges the crowd's consensus. Many traders are eyeing lower levels—around $100k for BTC and under $4k for ETH—as potential entry points. But DeFi Monk argues the market might have front-run them, bottoming out higher after August's typical weakness. It's a classic contrarian view: when everyone's expecting one thing, the opposite happens.

Community Reactions and Chart Analysis

The thread drew quick responses from the crypto community. One user, @jaxo_s, shared a chart illustrating the price action, emphasizing that it's all about levels, not emotions.

The chart, from TradingView, shows BTC hovering around the $107k-$112k range, with annotations for monthly lows and opens. It highlights a reaction at macro levels, suggesting no immediate need to panic about dipping to $100k just yet.

Other replies echoed mixed sentiments. @Degenerate_DeFi boldly declared, "bottom is in. bear market is over," while @octumX admitted the idea was nagging at them. Skeptics like @0x_Charon warned that the real bottom might sneak by unnoticed, and @versusdapp pointed out it could be a setup to liquidate shorts before another drop.

Even @Eugene_Bulltime chimed in with a humorous nod to historical September weakness being a "strong buy signal" if contrarian indicators hold.

What This Means for Meme Coins

Now, why does this matter for meme tokens? Meme coins like Dogecoin, Shiba Inu, or newer ones on Solana and Base often ride the waves of major cryptos like BTC and ETH. They're the high-beta plays—when BTC pumps, memes moon; when it dumps, they crater.

If DeFi Monk is right and we've seen the bottom, it could signal a relief rally. August was brutal, with BTC dipping amid broader market fears, dragging memes down too. A confirmed bottom might encourage risk-on behavior, funneling capital back into fun, speculative assets like memes.

But beware: seasonality isn't dead. September has historically been crypto's worst month, with average BTC returns around -6%. If we haven't bottomed, lower BTC could mean more pain for memes, which are already sensitive to liquidity crunches.

For blockchain practitioners eyeing memes, this is a reminder to zoom out. Use tools like on-chain analytics (check out Dune Analytics for meme token data) to gauge sentiment beyond price charts. And remember, in DeFi and memes, contrarian thinking often pays off—don't follow the herd blindly.

Whether this is the bottom or not, discussions like DeFi Monk's keep the community sharp. What's your take? Head over to the original thread and join the conversation.