Bitcoin Closes Its Third Negative Month in 2025 Despite a New All Time High

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, closes August with a 6.49% decline, according to data from Coinglass. With this performance, the digital asset records its third consecutive red month so far this year, despite having recently reached a new all time high in 2025.

Three Months of Correction After a Bullish Run

Bitcoin’s performance over the past three months reflects a period of consolidation and correction after the strong rally seen earlier this year. While in the first half of 2025 BTC surprised with a rally to record levels, selling pressure in the following months has limited its performance.

In August, the drop of over 6% adds to the declines recorded in June and July, consolidating a short term bearish trend that has raised caution among investors. According to Investopedia, the price even fell below $110,000 for the first time since early July, a relevant technical signal.

Loss of Market Dominance to Ethereum

While Bitcoin lost ground, Ethereum (ETH) managed to capitalize on the situation with notable gains, increasing its share of the market and attracting more interest from both institutional and retail investors. This dynamic reflects a shift in Bitcoin’s dominance within the crypto ecosystem, as other blockchains and tokens have shown stronger relative performance.

Factors Behind the Decline

Among the elements explaining the bearish pressure is the massive sale by a “whale” (large BTC holder), which triggered an abrupt correction and erased part of the bullish momentum. According to MarketWatch, this significant liquidation was decisive in causing Bitcoin to “surrender” the rally of previous weeks.

Additional leveraged liquidations in derivatives and an uncertain macroeconomic environment further reinforced the selling pressure during August.

Outlook for September 2025

The big question is whether September will mark a bullish close for Bitcoin after this corrective period. Analysts point to several key factors to watch:

• Technical supports: BTC remains above critical support zones that could serve as a rebound point if buying pressure increases.
• Macroeconomic context: U.S. monetary policy decisions and global inflation data could directly impact appetite for risk assets like cryptocurrencies.
• Institutional flows: Interest in Bitcoin-related financial products, such as ETFs and derivatives, will be crucial in assessing whether capital returns strongly to the asset.
• Internal competition: The performance of Ethereum and other altcoins will remain a key factor that could further reduce BTC’s market share in the short term.

Although Bitcoin is going through a corrective phase after reaching a new all-time high, its long term narrative remains intact. The key for September will be determining whether this retracement is simply a technical pause before a new bullish impulse, or if the market is instead preparing for a prolonged consolidation phase.

In any case, BTC’s performance in the coming month will be decisive in anticipating whether 2025 will end up being a predominantly bullish year or one marked by volatility and the growing competition of other cryptocurrencies.

Check us out on our socials below to keep updated!

Instagram | X | Telegram | LinkedIn | Website | TikTok

This article is for informational and educational purposes only and does not constitute financial, legal, or professional advice, nor does it imply any recommendation. It may contain links to third party websites outside Renegade’s control, and their inclusion does not imply endorsement. The views expressed are those of the author and do not necessarily reflect those of Renegade. Digital asset prices are volatile; you are solely responsible for your decisions, and Renegade assumes no liability for any losses.