The familiar Wall Street saying, “Sell in May and go away,” usually applies to stock markets during the summer. However, certain experts propose that this year could bring a deviation from this pattern for Bitcoin.
According to Paul Howard, a director at the crypto trading firm Wincent, this summer might be different. In his market analysis, Howard suggested that instead of facing typical seasonal downturns, Bitcoin could experience a “buy in May and go away” scenario.
Howard anticipates that several favorable factors will drive Bitcoin’s price upwards. These include positive regulatory shifts in the U.S. concerning digital assets, along with increased purchasing from major investors through both exchange-traded funds and direct spot allocations.
Howard highlighted the significant net inflows into U.S.-based spot Bitcoin ETFs, which reached $667 million on Monday. This occurred as Bitcoin’s price hovered just below its all-time high from January, demonstrating consistent and robust demand. He cited data from SoSoValue indicating that these investment vehicles attracted $3.3 billion throughout May. Furthermore, several companies are following MicroStrategy’s lead by adding Bitcoin to their corporate treasuries, funding these acquisitions through debt and stock offerings.
Howard predicts that as the overall digital asset market capitalization approaches $4 trillion, Bitcoin will surpass its historical peaks within weeks. Currently, the total value of the crypto market is approximately $3.3 trillion, according to TradingView data.
Analysts at the crypto analytics firm Kaiko observed that while the summer season has traditionally seen slower activity in crypto markets, macroeconomic and political events are aligning in ways that might interrupt this typical slowdown.
The report specified that the Federal Reserve’s upcoming decision regarding interest rates in June, in conjunction with the July 9 tariff deadline set by Donald Trump for trade allies, may lead to broad market instability.
Kaiko analysts noted that Bitcoin options markets are already indicating heightened investor expectations. Significant trading volumes at strike prices of $110,000 and $120,000 for the June 27 expiration suggest speculation on Bitcoin achieving record-breaking price movements.
Bitcoin briefly exceeded $107,000 during Tuesday’s trading session, marking a 1.2% increase over the previous 24 hours and trading at just 2% below its record high from January.