📊 What is behind the drop of Bitcoin in August? 💡
Bitcoin (BTC) faced a significant correction this month, and here are the main reasons:
1️⃣ Seasonality: August is historically a challenging month for BTC, with declines in 8 of the last 12 years. 📅
2️⃣ Profit-taking: After an 8% rise in July, investors are cashing in gains, putting pressure on the price. 💸
3️⃣ Macroeconomics: Uncertainties with trade tariffs, signs of recession in the US, and the Fed's high interest rate policy increase risk aversion. 🌍
4️⃣ Liquidations: Over US$ 1B in leveraged positions were liquidated, intensifying the decline. 📉
5️⃣ Institutional caution: Outflows of US$ 1.2B in BTC ETFs at the beginning of the month reflect a lower risk appetite. 🏦
📡 And now?
Despite the correction moment, supports at US$ 84.500 and US$ 73.800 are on the radar. Many analysts remain optimistic about the long term, especially with potential interest rate cuts and greater regulatory clarity on the horizon. 🚀
💬 What do you think? Is it time to hold, buy the dip, or diversify? Let us know in the comments! 👇
