TechFlow News: On May 6, according to chart analysis published by independent analyst Markus Thielen, Bitcoin’s price movement in April closely followed its seasonal pattern. Its actual gain exceeded the historical average; however, at that time, the market had not yet reached a broad consensus on bullish sentiment. Although market mood was cautiously optimistic, traders did not significantly increase their positions—evidenced by low trading volume and persistently negative funding rates, indicating that many participants remained on the sidelines.
Entering May, Bitcoin’s rebound above $80,000 caught many investors off guard, further underscoring the market’s prior under-positioning. Historical data shows May is a relatively stable month for Bitcoin: over the past decade, its average monthly return has been approximately 10.3%, with gains recorded in six of those years. Seasonal support remains intact, yet whether positions will follow suit remains the critical variable.
