Can Bitcoin Break Its August Trend?
John Barry | Wed Aug 20 2025
August has historically been a difficult month for Bitcoin. In 2022, the world’s largest cryptocurrency fell 14.5%, followed by further declines of 15.5% in 2023 and 13.6% in 2024. With Bitcoin starting August 2025 at $115,408, investors are now asking whether this month will continue the bearish tradition or finally buck the trend.
The OKB Price Surge and Its Ripple Effect
The most dramatic development this month came on Aug 13, when OKX announced a sweeping overhaul of its OKB tokenomics. The exchange executed a one-time burn of 65.2 million OKB, permanently capping supply at 21 million tokens. At the same time, OKB’s smart contract was upgraded to remove minting and burning functions, hardcoding scarcity into the protocol.
This triggered an extraordinary rally: OKB surged over 250%, reaching $165 before cooling to $106. The explosive move caused widespread short liquidations, fueling a short-lived crypto market surge. Bitcoin whould hit an all time high of $124,555 during this momenum surge, while the QC500 index jumped more than 7%. Ethereum rose 7.5% to $4,685, with the DeFi sector closely matching that performance.
However, the rally proved temporary. As OKB cooled, Bitcoin revested its positive momentum and entered into a downturn.
Outlook: Can Bitcoin Break Free?
History suggests August is a tough month for Bitcoin, with three straight years of double-digit declines. Unless BTC regains its positive momentum through the $115,500 threshold, the market risks another negative close for August. Many crypto whales and traders are away of the August Bitcoin effect.
The positive takeaway: September has historically been much stronger, often reversing August’s weakness. For long-term investors, that could present an opportunity if Bitcoin indeed finishes the month on the downside.
Explore the latest scores and see which coins are ranked "Very Bullish" today, at https://quantifycrypto.com/best
Disclaimer
Quantify Crypto is an informational website that provides market data, technical analytics and links to news and commentary sources. Information published on Quantify Crypto platform should not be taken as investment advice in any way.
Quantify Crypto is not an investment adviser and you agree to not cite the Quantify Crypto platform or content as the reason or cause for making any trading decisions. Quantify Crypto is not accountable, directly, or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
You agree not to consider the information on Quantify Crypto platform as a solicitation to invest in any cryptocurrencies, initial coin offerings, or other financial instruments.
Past performance of any signals, strategies, or market data presented on the Quantify Crypto platform is not indicative of future results and does not guarantee future returns.