Established ‘Sell in May’ philosophy looks broken, and that could be good news for Bitcoin
The 'Sell in May' stock market adage is weakening, potentially benefiting Bitcoin as institutional flows ignore seasonal de-risking.Summary
The traditional 'Sell in May and go away' stock market philosophy, which suggests underperformance between May and October, appears to be breaking down. Data indicates the S&P 500 ETF has closed this period positively in 25 of the last 33 years, with only one negative summer in the past decade. This shift is attributed to Bitcoin's integration into traditional portfolio flows via US spot ETFs, which have attracted significant inflows. This integration means Bitcoin is now subject to the same risk appetite as equities, and when institutional money doesn't reflexively de-risk in summer, Bitcoin avoids historical headwinds. The upcoming economic data, including GDP, PCE, payrolls, and CPI reports, will be crucial in determining whether this trend continues or if inflation concerns revive the 'Sell in May' narrative, potentially impacting Bitcoin's price range.
(Source：CryptoSlate)