quick take
- According to Coinglass data as of April 28, Bitcoin had yet another positive month, marking its fourth straight green month.
- The last time this happened was in 2019, when it emerged from the depths of a bear market and produced five consecutive green months from February to June.
- We’re seeing parallels between this bear market and 2019, so hopefully we’ll have another green moon.
- I’m looking forward to May. The last two years have been very bearish. In May 2021, China’s mining ban was issued, and in May 2022, the collapse of Terra Luna began.
- In April, Bitcoin had one of the worst daily performances, recording -5.225%. This is the worst daily performance since the collapse of SVB and the collapse of FTX.
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