For who is asking can I buy now???
I would say wait for some time I believe it will go down little more...
Please read below then take your decision...
1. Monthly Profit-Taking & Portfolio Rebalancing
Traders and institutions often book profits or rebalance portfolios at month-end. This can lead to temporary price drops.
Selling pressure from large accounts can cause market dips, making it less ideal to buy just before or during these actions.
2. End of Financial Year (especially April in many countries)
In countries like India (April 1 - March 31 fiscal year), April-end marks the start of tax planning.
Investors might sell assets to manage taxes, increasing volatility and selling pressure.
Also, companies and funds adjust their holdings, which can cause unpredictable moves in crypto markets.
3. Psychological & Behavioral Factors
Retail investors may avoid big buys at the end of the month due to salary timing or budget constraints.
Some traders believe in “Sell in May and go away,” an old market adage suggesting poor performance in May–Oct, which can affect buying interest at April-end.
4. Stablecoin Movements
Sometimes, large inflows/outflows in stablecoins at month-ends hint at hedging, profit-taking, or redemptions, affecting the overall crypto market sentiment.
Thank You,
