April in Focus: Can Bitcoin Shake Off March’s Carnage and Bounce Back?
As March ends in a sea of red, crypto investors are licking their wounds after a brutal sell-off erased more than $160 billion from the digital asset market in just a few days. The sharp downturn comes as traders brace for economic uncertainty, renewed trade tensions from the Trump administration, and a lack of clear bullish catalysts.
Bitcoin, which had been flirting with highs earlier this month, is now under pressure alongside the broader market. Yet, not all hope is lost.
April could offer a ray of optimism.
Historical data shows April has been one of the strongest months for Bitcoin since 2010, delivering an average return of 27%, according to Barchart. It ranks just behind November (38%) and May (26%) as one of BTC’s best-performing months.
CoinDesk’s Omkar Godbole, writing in Crypto Daybook Americas, notes that while seasonal patterns aren’t foolproof, they can support bullish sentiment—especially when paired with signs like long-term holders pausing their sell activity.
Still, risks loom large. One of the biggest concerns is the defunct exchange Mt. Gox, which has recently been moving substantial amounts of Bitcoin to centralized exchange wallets. This activity has stoked fears that creditors might begin liquidating their holdings once the funds are accessible.
“Mt. Gox’s BTC transfers to Kraken could cause turbulence in the short term,” warned Deribit CEO Luuk Strijers, adding that the uncertainty may trigger volatility even if broader market conditions improve.
As Q2 begins, the question remains: will April deliver the relief rally traders are hoping for, or simply offer false hope in the middle of a shaky macro environment?
