PANews reported on May 6th that, according to BIT analysis, April's market movements almost entirely followed seasonal patterns. Based on the past few years, April is typically a strong month for Bitcoin, and this year's actual gains exceeded the historical average, largely consistent with historical trends. It's worth noting that despite the clear seasonal pattern, a widespread bullish consensus did not emerge in the market before April. While sentiment was somewhat optimistic, positions were not significantly increased, and low trading volume and persistently negative funding rates indicate that many traders remained on the sidelines.

This wait-and-see attitude continued into May. Bitcoin's rebound to $80,000 caught many investors off guard, indicating that the market had not been fully positioned and that positions had not yet kept pace. Historically, May has also been a stable month for Bitcoin, with an average return of approximately 10.3%, and it has recorded gains in 6 out of the past 10 years. While history cannot guarantee the future, from a probabilistic perspective, it still provides some seasonal support for the May market.