"Eric Trump Advises on Buying Bitcoin Amid Dip – Is It Wise to Invest Now?"
Bitcoin, the world's leading cryptocurrency, has shown a unique pattern in August following its halving years. According to data from Glassnode and CoinGlass, Bitcoin historically experiences a dip in early August, followed by strong rebounds and significant gains later in the month and into Q4.
In 2013, 2017, and 2021, Bitcoin saw double-digit gains in August, all of which were post-halving years. This year, a similar pattern is unfolding, with a 6.68% drop so far in early August following the 2024 halving, and Bitcoin's price declining from about $123,000 to $115,010.
Amid these historical trends, Eric Trump's recent "buy the dip" call aligns with this pattern of mid-August or later rebounds after typical early August corrections. However, current market conditions add complexity. Macroeconomic factors, such as tariff overhang, sticky labor prints, and lack of clarity on a Fed pivot, are negatively impacting overall risk appetite.
Despite these challenges, Bitcoin has shown resilience. Most holders are still profiting, and large buy-side demand is absorbing selling pressure. The Altseason Index at 37 in August 2025 indicates a balanced consolidation phase between Bitcoin and altcoins, consistent with cautious but watchful sentiment preceding the expected rally phase.
However, analysts caution that macro risk and geopolitical factors warrant strategic caution. BTC ETFs have experienced their worst quarterly outflows yet, with approximately $800 million in outflows. As of the last 12 Augusts, Bitcoin has been red in 60% of the cases.
In summary, Bitcoin’s historical August post-halving behavior lends technical rationale to buying the dip now, as Eric Trump suggests. However, it's essential to approach this strategy with caution, considering the current macroeconomic and geopolitical factors.
- Eric Trump's call to "buy the dip" in August aligns with Bitcoin's historical trend of mid-August or later rebounds, following the typical early August corrections, seen in post-halving years such as 2013, 2017, and 2021.
- Despite the current macroeconomic factors like tariff overhang, sticky labor prints, and lack of Fed pivot's clarity negatively impacting overall risk appetite, Bitcoin has shown resilience as most holders are still profiting, and large buy-side demand is absorbing selling pressure.
- In contrast to Bitcoin's potential gains, BTC ETFs have experienced their worst quarterly outflows yet, with approximately $800 million in outflows, indicating a need for strategic caution in the investing world, considering the ongoing macroeconomic and geopolitical factors.
