BlockBeats news, July 28, Matrixport published an analysis stating that a month ago, based on contrary seasonal analysis, we predicted that Bitcoin was expected to rise to $116,000, and this judgment has now been validated by the market. Current market sentiment is gradually turning optimistic, and this week will welcome multiple key events: a flurry of U.S. stock earnings reports, the delayed release of the White House digital asset report, and the Federal Reserve's interest rate decision, which may become a new catalyst for market volatility. #牛市前兆

However, based on historical data, August and September have traditionally been relatively weak months for Bitcoin. Over the past decade, the average return in August has been close to zero, with only three years recording an increase. Therefore, many traders often choose to lock in profits during this stage. Although we still maintain a bullish outlook for the year, considering seasonal disturbances, the market may face a period of tactical consolidation in the short term.

Matrixport's accurate prediction a month ago that Bitcoin would soar to $116,000 has just been fulfilled, but new alarms have been sounded. Over the past decade, Bitcoin has only increased three times in August, with an average return rate approaching zero! Even more frightening is the equally dismal performance in September—the two-month combination is referred to in the industry as the crypto graveyard! Data from Coinbase synchronously verifies that the average drop in August over the past five years is 2.8%, with liquidity exhaustion leading to increased volatility and a 300% surge in retail liquidation rates. The painful lessons are vivid, and in August 2023, Bitcoin's spot trading volume plummeted by 19%, while futures trading volume collapsed by 30%! Countless leveraged players have been obliterated in the calm slaughter.