Quick Take

Bitcoin has had another positive month, a fourth consecutive green month, according to Coinglass data as of April 28.
The last time this occurred was in 2019, emerging from the bear market depths and producing five consecutive green months from February to June.
Similarities occur between this bear market and 2019, so hopefully see another green month.
Looking forward to May; the last two years have been extremely bearish. In May 2021, we had the China mining ban, and May 2022 was the start of the collapse of Terra Luna.
In April, we did get one of the worst daily performances from Bitcoin, registering a -5.225%—the worst daily performance since SVB collapse and FTX collapse.
BTC monthly returns: (Source: Coinglass)Daily Price: (Source: Glassnode)

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Filed under: Bitcoin - @ April 30, 2023 2:00 pm