Bitcoin Poised to Shatter Records This Summer, Defying ‘Sell in May’ Lore
While the old market saying urges investors to “sell in May and go away,” bitcoin is charting a different course as key factors set the stage for a strong rally through the summer months.
Paul Howard, director at Wincent, a crypto trading firm, noted in a recent report that “buy in May and go away” might be the new mantra for bitcoin investors. Regulatory progress in the U.S., combined with steady institutional buying via ETFs and direct spot purchases, is fueling optimism.
U.S.-listed spot bitcoin ETFs attracted $667 million in inflows on Monday alone, adding to a $3.3 billion total for May, according to SoSoValue. Corporate treasury adoption is also accelerating, with more companies following Strategy’s (MSTR) lead by acquiring bitcoin through new stock and debt offerings.
“As the digital asset market approaches a $4 trillion valuation, bitcoin is likely to break through previous all-time highs in the near term,” Howard said. Currently, the total crypto market cap stands near $3.3 trillion, data from TradingView shows.
Although summer has historically been a slow period for crypto, analysts at Kaiko highlight upcoming catalysts that could shake things up—namely, the Federal Reserve’s interest rate decision in June and Donald Trump’s July 9 tariff deadline.
Options markets are buzzing, with heavy volume at $110,000 and $120,000 strike prices for June 27 expiry, indicating strong bets on bitcoin hitting new highs.
Bitcoin briefly surpassed $107,000 during Tuesday trading, up 1.2% over the past 24 hours and just 2% shy of its January record.
