Will April Be Bitcoin’s Lucky Break or Another Letdown?

Bitcoin’s Bloody End to Q1 Raises Eyebrows, but April Could Flip the Script

The first quarter of 2025 ended in dramatic fashion for crypto markets, with over $160 billion in value erased since Friday as Bitcoin and altcoins took a heavy hit. The sell-off comes amid growing global economic anxieties, tariff tensions reignited by Donald Trump, and an absence of bullish momentum.

Bitcoin’s sharp downturn mirrors broader risk-off sentiment, leaving investors wondering: is this just a stumble—or the start of something worse?

Despite the gloom, some market watchers are turning to history for a glimmer of optimism.

April has historically been one of Bitcoin’s most favorable months. Since 2010, the leading crypto has averaged a 27% gain during April, trailing only November and May, according to data from Barchart. This seasonal strength could help shift the market’s tone, provided other conditions align.

Omkar Godbole of CoinDesk, in the Crypto Daybook Americas, said seasonal trends on their own aren’t always reliable, but paired with other market signals—like long-term holders pausing their sell-off—they carry more weight.

However, lurking in the background is a wildcard that could inject fresh volatility: Mt. Gox.

The bankrupt exchange has been transferring significant amounts of Bitcoin to centralized platforms, including Kraken. This raises fears that creditor reimbursements could soon trigger a wave of selling.

“Those Mt. Gox transactions are spooking the market,” said Deribit CEO Luuk Strijers. “If those funds start moving into circulation, it could create a temporary but intense pressure on prices.”

With Q2 just getting underway, all eyes are now on April—not just for a potential rebound, but for clues on where the crypto narrative heads next.

About The Author

ctleditor

See author's posts