Despite “Sell in May,” Bitcoin Tops $107K and Could Set New Records by Summer, Say Analysts

Bitcoin Defies ‘Sell in May’ Adage, Eyes Record Highs as Market Catalysts Align

Despite the traditional Wall Street warning to “sell in May and go away,” bitcoin appears set to buck this trend amid a surge of positive market drivers heading into the summer.

Paul Howard, director at crypto trading firm Wincent, told clients that the current environment points more toward “buy in May and go away,” citing a wave of regulatory clarity in the U.S. and robust institutional demand as key factors.

Spot bitcoin ETFs listed in the U.S. reported net inflows of $667 million on Monday, with May’s total inflows reaching $3.3 billion, per SoSoValue data. Meanwhile, an increasing number of companies are bolstering their bitcoin reserves, following the lead of Michael Saylor’s Strategy (MSTR), often financing purchases through stock and debt issuances.

“As digital assets near a $4 trillion market cap, bitcoin’s all-time highs look increasingly within reach,” Howard said. The total crypto market cap currently hovers around $3.3 trillion, according to TradingView.

Summer months have typically been slow for cryptocurrencies, but analysts from Kaiko suggest upcoming events—such as the Federal Reserve’s June rate decision and former President Trump’s tariff deadline on July 9—could inject fresh volatility.

Bitcoin options for June 27 are showing heavy volume around $110,000 and $120,000 strike prices, signaling investor confidence in a potential record-setting price move.

On Tuesday, bitcoin briefly climbed above $107,000, gaining 1.2% in 24 hours and trading just 2% below its January peak.