August's historical seasonality of negative 10% average returns combined with thin summer liquidity will amplify Bitcoin's downside volatility

"August has closed red four years running with an average loss of 10% since 2022."

"Bitcoin has posted negative returns in four consecutive Augusts, averaging declines of roughly 10%, and the asset entered this month near $63,700 with the fear and greed index still signaling caution"

"Historical data over the past 4 years places its average return for the month near negative 10%, making August one of the cryptocurrency's weakest calendar periods. Thin summer liquidity can magnify price swings as participation falls."