Deep Tide TechFlow News. On May 06, according to chart analysis published by independent analyst Markus Thielen, Bitcoin’s price action in April almost entirely followed seasonal patterns. The actual upside exceeded the historical average, but at that time the market had not yet formed a broad bullish consensus. While sentiment was somewhat optimistic, positions were not significantly added. The lackluster trading volume and the persistently negative funding rate indicate that many traders were still watching from the sidelines.

Entering May, Bitcoin reclaiming $80,000 came as a surprise to many investors, and it also confirmed that the market’s prior positioning had been insufficient. Historical data shows that May is a relatively stable and solid month for Bitcoin’s performance. Over the past 10 years, the average return has been about 10.3%, including 6 years with gains. Seasonal support still remains, but whether positioning can keep up is still the key variable.