@jopootrivatel
Crypto Market Faces Seasonal Downtrend in August.
Coinbase analysts note August typically sees reduced crypto market activity and value slumps. Historically, Bitcoin averages a 2.8% decline, with lower liquidity and trading volumes contributing to increased volatility.
Bitcoin futures volumes also fell 30% during August last year, signaling a recurring pattern of seasonal downtrend.
Think August will bring another slump?
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