Die etablierte „Sell in May“-Philosophie scheint kaputt zu sein, und das könnte eine gute Nachricht für Bitcoin sein
Burns Brief
„Im Mai verkaufen und verschwinden“ ist die Idee, dass Aktien zwischen Mai und Oktober zuverlässig eine Underperformance aufweisen, und sie beschreibt einen Markt, der möglicherweise nicht mehr existiert. Die Nachrichten haben die Marktteilnehmer verunsichert: Bären versuchen, die Preise nach unten zu drücken, während Bullen versuchen, wichtige Unterstützungsniveaus zu verteidigen. Achten Sie auf die Reaktion von $BTC $MATIC – eine entscheidende Bewegung über oder unter Schlüsselniveaus wird den nächsten Trend bestätigen.
“Sell in May and go away” is the idea that stocks reliably underperform between May and October, and it describes a market that might no longer exist. Bloomberg Intelligence data shows the S&P 500 ETF has closed the May-October period in positive territory in 25 of the last 33 years, with only one negative summer stretch in the past decade. Bespoke data cited by Bloomberg shows the cumulative return from holding SPY is only in May-October since the ETF's 1993 debut, at roughly 171%. That is real money, just considerably less than the 731% earned by staying long only in November-April. Despite the seasonal performance difference, the cliché that May automatically means sell does not hold. A Bloomberg Intelligence chart shows SPY closed the May–October period positive in 25 of the last 33 years, returning 171% versus 731% in November–April. The rule that might have stopped working The logic behind the old saying is that corporate earnings slow, trading desks thin out, and investors rotate into cash or bonds until autumn. That playbook worked well enough for decades, built for a market where institutional money moved slowly, and risk appetite followed a predictable rhythm. Bitcoin has spent two years building direct plumbing into traditional portfolio flows. Data from Farside Investors shows that US spot Bitcoin ETFs pulled in roughly $1.5 billion between Apr. 17 and 24, and cumulative net inflows have reached approximately $58.3 billion. That market structure has folded Bitcoin into the same risk appetite machinery that drives equities, giving BTC direct exposure to whatever keeps institutional investors willing to hold. When institutional money does not reflexively de-risk into summer, BTC avoids one of the psychological headwinds that have historically hit speculative assets in May. The Federal Reserve's own research has flagged that crypto ETP bid-ask spreads are broadly comparable to those of similarly sized equity ETFs and ETPs, and has argued that NAV premiums i
Key Takeaways
- “Sell in May and go away” is the idea that stocks reliably underperform between May and October, and it describes a market that might no longer exist
- Bloomberg Intelligence data shows the S&P 500 ETF has closed the May-October period in positive territory in 25 of the last 33 years, with only one negative summer stretch in the past decade
- Bespoke data cited by Bloomberg shows the cumulative return from holding SPY is only in May-October since the ETF's 1993 debut, at roughly 171%
- That is real money, just considerably less than the 731% earned by staying long only in November-April
- Despite the seasonal performance difference, the cliché that May automatically means sell does not hold