According to BlockBeats, on July 29, 10x Research stated on social media that based on historical data analysis, Bitcoin's return rate flattened in August and declined in September.
However, tailwinds from U.S. interest rate policy, falling rates, and the election calendar could cushion any downward pressure on the $1 billion token unlock in August.
Bitcoin dominance is creating new highs this cycle and is having a significant impact. Bitcoin is expected to eventually break through to new highs, but it may need "macro" help. The Federal Reserve interest rate decision on August 1 and the CPI report on August 14 will be crucial.
