Bitcoin Traders Brace for ‘Sell in May and Go Away’ as Seasonality Favours Bears

A bitcoin (BTC) breakout earlier this week has traders eyeing the $100,000 level in the coming days, a euphoric trade that could be short-lived as May’s seasonality approaches.“Historically, the next couple of months have been weak for financial markets, with many investors abiding by the Sell in May and Walk Away adage,” Jeff Mei, COO at BTSE, told CoinDesk in a Telegram message.“That being said, markets have significantly underperformed over the last few months, but this year could buck the trend, with Bitcoin hitting $97K and other growth stocks coming back over the last few weeks. This past week's weak GDP numbers coming out of the US indicate some risk, as another report of negative GDP growth next quarter would indicate a recession, but rate cuts could lead to a rebound as well,” Mei added source: https://www.coindesk.com/markets/2025/05/02/bitcoin-traders-brace-for-sell-in-may-and-go-away-as-seasonality-favours-bears