Bitcoin Enters April Under Pressure, but History Hints at Possible Rebound
As Q1 wraps up, the crypto market finds itself deep in the red, with over $160 billion in market cap wiped out since Friday amid a wave of selling pressure.
A mix of macroeconomic uncertainty, renewed tariff threats from former President Donald Trump, and the absence of any strong bullish catalysts have shaken investor confidence, leading to a broad market pullback.
Still, all eyes now turn to April—and historical trends may offer a sliver of optimism.
Since 2010, April has historically delivered one of the strongest months for bitcoin, with an average return of 27%, according to data from Barchart. Only November and May have fared better, averaging gains of 38% and 26%, respectively.
CoinDesk analyst Omkar Godbole highlighted this seasonal strength in a recent issue of the Crypto Daybook Americas, a premium newsletter geared toward helping investors navigate volatile markets.
“Seasonal trends alone aren’t enough to rely on,” Godbole noted, “but when paired with other signals—like a recent slowdown in long-term holder selling—they can support a bullish case.”
However, not all signs are green. One potential hurdle looms in the form of Mt. Gox. The defunct exchange has started transferring significant bitcoin holdings to centralized exchanges, stoking fears that payouts to creditors may trigger a fresh wave of selling.
“Mt. Gox moving large amounts of BTC to Kraken could create short-term volatility,” warned Deribit CEO Luuk Strijers, noting that market reactions to such developments are often swift and unpredictable.
As April begins, traders will be watching closely—hoping history repeats, but bracing for turbulence.
