August's momentum is crucial for crypto's mid-year performance. Keep an eye on key indicators, like daily active addresses and on-chain volume, for signs of sustained growth.

August's market tends to be volatile, with historical data showing a mix of gains and losses. If institutions and whales participate, it could spark a bull run.

August often sees institutional investors return to the market after summer breaks, which could fuel a bull run. Additionally, the upcoming Ethereum upgrade may bring increased adoption and liquidity.