Bitcoin’s Most Dangerous Month About to Start

Key Points

1. Bitcoin has closed August in the green only four times in the last 13 years, with median returns around -8.3%.

2. Significant losses occurred in August during years like 2011, 2014, and 2015, with dips of 14% and 11.2% in 2022 and 2023.

3. In 2025, Bitcoin gained almost 30% in Q2 and surged by 10.3% in July, showing potential to break the August downtrend.

4. A strong August performance could signal a shift in market behavior, especially with Q4 typically being a busy period for Bitcoin.

5. On-chain data shows Bitcoin's average hashrate spiked to 1 ZH/s for the first time, indicating network strength.