“Sell in May and go away,” goes the Wall Street adage for equity markets every summer. For bitcoin
, though, some analysts say this season could mark a break from tradition.
“As we get into the European summer months, the sense is it’s more likely a case of ‘buy in May and go away’ than any significant headwinds or selling pressure,” said Paul Howard, director at crypto trading firm Wincent in a market note.
A confluence of positive regulatory developments around digital assets in the U.S. and increasing institutional buying both via exchange-traded funds and spot allocation is poised to push BTC higher in the next months, Howard said.
U.S.-traded spot bitcoin ETFs, for example, pulled in $667 million in net inflows on Monday with BTC…





