Ternoa Insights: Monthly CAPS Price Movement Shifts in USD

Year	January	February	March	April	May	June	July	August	September	October	November	December	Bull	Bear	EOY
2025	+9.53%	-59.36%	-16.26%	-22.1%	-17.09%	+8.93%	+48.32%	-	-	-	-	-	3	4	-60.54%
2024	-14.02%	+59.46%	-16.83%	-31.99%	-21.8%	-27.1%	-27.03%	-34.79%	-30.51%	-30.76%	+124.2%	-4.24%	2	10	-79.73%
2023	+70.16%	+244.45%	-11.11%	-26.37%	-35.42%	-1.97%	-7.02%	-24.38%	+19.11%	+3.47%	+43.91%	+4.98%	6	6	+233.93%
2022	-16.21%	-27.73%	+11.14%	-52.68%	-29.07%	-28.56%	+30.22%	-35.51%	-4.11%	-7.7%	-28.57%	-7.23%	2	10	-92.07%
2021	-10.34%	+92.13%	-36.72%	+15.53%	+2.11%	+2.21%	+14.71%	-7.5%	-	-	-	-	5	3	+39.03%

	January	February	March	April	May	June	July	August	September	October	November	December
Average	+7.82%	+61.79%	-13.96%	-23.52%	-20.25%	-9.3%	+11.84%	-25.55%	-5.17%	-11.66%	+46.51%	-2.16%