💤 Matrixport: Bitcoin consolidation may continue for another 2–3 weeks.

• August brought a rare decline in BTC of –3.9% compared to the historical average growth in August of +0.5%. Seasonality is also disappointing: in September over the last 10 years, there were four instances of declines, with an average drop of –2.5%.

• Bitcoin is currently at levels that historically defined the boundary between bull and bear markets, and most investors are waiting for signals. Matrixport believes that the consolidation they mentioned earlier will last for another 2–3 weeks until a new catalyst emerges — among the factors for the upcoming month: employment data, CPI, and the Fed meeting.

😨 CryptoQuant: The current Bitcoin growth cycle is slower than previous ones due to spot ETFs and institutional adoption. Each time capital flows into altcoins, the momentum fades, but now funds are flowing back into them. For the fall, the factors are positive: a Fed rate cut in September and possible approval of spot ETFs for altcoins in October. After consolidation, the market is expected to have chances for growth, and corrections may become a good entry point.

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