May has always been associated on Wall Street with the famous saying: "Sell in May and go away", but Bitcoin $BTC seems to be in for a notable exception this year. With massive inflows through spot Bitcoin ETFs and a significant increase in purchases by major companies, the most popular digital currency is likely to experience an upward trend that could break traditional seasonal rules.
This institutional momentum, along with rising technical indicators, paves the way for a historic upward scenario at a time when traditional markets are increasingly fearful of recession, inflation, and financial deficits.
Institutional momentum reshapes the summer landscape
Paul Howard, the director of Wincent Digital Currency Trading, believes that the "sell in May" rule may lose its validity this year, pointing to an influx of over $3.3 billion into spot Bitcoin ETFs since the beginning of May, including $667 million in just one day.
He adds that these figures reflect a qualitative shift in the stance of American institutions, which now see Bitcoin as a strategic asset amid global economic turmoil.
Companies like MicroStrategy have joined this trend by expanding their Bitcoin holdings through debt and equity issuances, in a move that reflects increasing confidence in the future of the digital currency.