Bitcoin gained over 25% in August, breaking a 13-year trend of negative median returns of -6.99%. Over $800 million in positions were liquidated on August 19th, while short-term holders sold 60,000 BTC on August 20th. The Coinbase Premium Index turned positive for the first time in over three months, signaling renewed buying interest from U.S. investors. Despite historically bearish September seasonality with an average ROI of -3%, selling pressure is easing and on-chain indicators are turning bullish, reviving hopes of reaching $80,000.
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