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Should You Sell Your Coins in May & Walk Away? What the Data Says | Weekly Wrap
May 10, 2024
Explore Bitcoin seasonality and the strategy of selling in May, the performance of altcoins, SocialFi apps earnings, and large funds taking memecoins seriously. Dive into historical Bitcoin price trends, AI coins distribution, and market outlook for 2024.
22:45
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Quick takeaways
- Selling Bitcoin in May may not be optimal due to historical trends of stronger performance in Q3 and Q4.
- AI coins are gaining traction in the crypto market, showing potential for long-term value amidst market fluctuations.
Deep dives
Bitcoin Summer Performance and Seasonality
Bitcoin's price has faced challenges and is currently around the 60K mark. While the summer months historically show lower performance, the third and fourth quarters have been historically strong for Bitcoin. The sell in May and walk away strategy is debated, with data suggesting that selling may not be the best option due to historical trends showing better performance in Q3 and Q4. Despite short-term fluctuations, the context for Bitcoin in 2024 remains intriguing.
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Discover
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