August is usually a weak month for Bitcoin, but the setup this time looks less dangerous.

• Bitcoin has closed August in the red in eight of the last 11 years, including the last four in a row.
• The usual cause of those drops was over-leveraged traders getting wiped out.
• That flush already happened back in late June, when Bitcoin fell just under $50,000 and leveraged bets got cleared out.
• Because that pressure is already gone, Bitcoin heads into August with cleaner, less risky positioning.

Outlook: With the leverage already washed out, Bitcoin may avoid the sharp August drop that history warns about.

## Bitcoin Levels

• **Bias:** Cautiously bullish — the seasonal risk looks weaker than usual
• **Support:** ~$50,000 (June low was just below it)