Is Bitcoin entering a 'vacation mode'?

Recently, while keeping an eye on the market, I found something interesting. Matrixport mentioned that trading volume has started to stabilize, resembling the 'settling down period' for students before summer vacation. The market still looks lively, but with August approaching and lacking clear catalysts, the market activity is bound to decline.

Looking back over the past year and a half, the three trading volume surges have pushed the market to new heights, but unfortunately, this kind of 'temperamental' market doesn't come often. It's like cramming before an exam; the bursts are intense but hard to sustain. So we need to focus on the volume signals just like we would on exam key points.

In the past, whenever trading volume shrank, Bitcoin would almost certainly enter a 'consolidation holiday'. Now that August is approaching, it feels like history is about to repeat itself. But for us retail investors, don't panic! This doesn't mean the market is cooling off; it's just the market taking a 'breath' to find a new rhythm. Instead of chasing highs and selling on dips, it’s better to adjust our mindset during consolidation and wait for opportunities, so we can run faster when the market returns.

Ultimately, the 'seasonal patterns' and 'price-volume relationship' in the crypto market are like the key points marked by a teacher for exams. Understanding and focusing on them will give us more confidence whether in current operations or long-term planning. I will continue to track changes in volume and share any new findings with everyone, so we can look for certainty amidst the fluctuations together! $BTC