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Event ends: August 9, 16:00 UTC
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In the history of Bitcoin, there have been 12 August trends since 2013, with 4 instances of rise and 8 instances of fall. The largest rise occurred in August 2017, with a monthly increase of 65.32%; the largest fall occurred in August 2015, with a monthly decrease of 18.67%. From 2013 to the present, the average return rate of Bitcoin's August trends is 1.75%, with a median return rate of -8.04%.
In the past few days of the live broadcast, we have also observed that August has been a month of correction in recent years. Today, I saw a news flash that compiled the market performance of August over the last 12 years. Although it is relatively negative, I noticed a piece of good news: August is generally a correction before a rise, as the maximum decline over these 12 years has only been 18%. Isn't that good news? This means that players who hold spot assets really don't need to be afraid; the most it has fallen in August over the last 12 years is less than 20%. Moreover, historically, September and October have had a high probability of rising. So, a decline is a good opportunity to accumulate positions.