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▲ Bitcoin (BTC)/ChatGPT generated image ©
Bitcoin (BTC), having emerged from the long swamp of continuous decline for five months, recorded its largest monthly gain in a year, firing the signal flare of its revival. However, the market is still enveloped in fear thicker than greed.
According to Bitcoinist, a cryptocurrency specialized media outlet, on May 3 (local time), Bitcoin achieved a 12% return throughout April, marking its best monthly performance since the 14% recorded in April 2025. The price, which started around $66,000 at the beginning of April, is currently trading around $78,400. This is a significant rebound that put an end to consecutive red monthly candles and brought a sense of relief to the market.
Despite this rebound, investors' caution has not easily dissipated. The Crypto Fear & Greed Index points to 39, remaining firmly in the Fear zone. Bitcoin's current price is still about 35% lower compared to its all-time high of $125,100 recorded last October.
Analysts' opinions are sharply divided regarding the future direction. CryptoQuant, a virtual asset analysis platform, warned that April's rally was triggered by futures traders rather than robust structural demand, and that downward pressure could occur over the next few months.
On the other hand, Michael van de Poppe, founder of MN Trading Capital, drew the line, stating that Bitcoin does not need a grand catalyst to break past $100,000. Indeed, Bitcoin had surpassed $100,000 on November 13, just one month after experiencing a $19 billion liquidation event last October.
According to market data platform CoinGlass, Bitcoin has historically shown a positive trend in May, recording an average return of 7.78%. Some retail traders are hoping that such favorable historical patterns will be repeated in May, but experts unanimously advise remembering that past performance does not guarantee future returns in the virtual asset market.
*Disclaimer: This article is for investment reference, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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