五月出售，但今年加密貨幣利潤可能為時已晚

加密資訊入口網站 Coin Bureau 聯合創始人兼執行長 Nic Puckrin 表示，過去五年中，事實證明，5 月出售比特幣（BTC）比 9 月出售比特幣更有利可圖。 Puckrin 引用了加密貨幣研究公司K33 的報告，該報告顯示，10 月份買入BTC、4 月份賣出的累計回報率為1,449%，而5 月份買入、9 月份賣出的累計回報率為-29%。

Sell in May, Reap the Profits: Crypto Market Insights Suggest Max Returns

五月出售，收穫利潤：加密貨幣市場洞察顯示最大回報

According to Nic Puckrin, co-founder and CEO of Coin Bureau, timing is everything when it comes to maximizing profits in the cryptocurrency market. Based on historical data, investors who sell their bitcoins (BTC) in May stand to gain significantly more than those who offload their assets in September.

Coin Bureau 聯合創辦人兼執行長 Nic Puckrin 表示，要在加密貨幣市場實現利潤最大化，時機就是一切。根據歷史數據，5 月出售比特幣 (BTC) 的投資者的收益將明顯高於 9 月拋售資產的投資者。

Puckrin's analysis reveals that the cumulative returns on BTC sales in May have outperformed those in September by an astounding 1000% over the past five years. The adage "Sell in May, Go Away" is derived from traditional finance and reflects the seasonal impact on stock market performance.

Puckrin 的分析顯示，過去 5 年來，5 月 BTC 銷售的累積回報率比 9 月高出驚人的 1000%。 「五月賣出，走開」這句格言源自傳統金融，反映了季節性對股市表現的影響。

Historical Trends: May Sales Trump September Sales

歷史趨勢：5 月銷售超過 9 月銷售

Puckrin explains that the stock market has historically performed better from November through April, leading investors to sell in May and buy again in October. This principle appears to hold true in the crypto realm as well.

Puckrin 解釋說，從歷史上看，股市從 11 月到 4 月表現較好，導致投資者在 5 月賣出並在 10 月再次買入。這項原則似乎在加密領域也適用。

Buying BTC in October and selling in April has yielded cumulative returns of 1,449% in the past five years, while buying in May and selling in September has resulted in negative returns of -29%. Puckrin cites research from K33, a cryptocurrency analysis firm, to support his claims.

10 月買進 4 月賣出 BTC，過去 5 年的累計報酬率為 1,449%，而 5 月買進 9 月賣出的累計報酬率為 -29%。 Puckrin 引用了加密貨幣分析公司 K33 的研究來支持​​他的主張。

Market Sentiment: Cooling Off

市場情緒：降溫

While selling in May may have been a wise move in the past, the current market conditions suggest it may be too late to capitalize on the trend this year. May has witnessed a bearish start, with market sentiment cooling off.

雖然過去五月出售可能是明智之舉，但目前的市場狀況表明，今年利用這一趨勢可能為時已晚。 5月開局看跌，市場情緒降溫。

The Bitcoin Fear and Greed Index indicates that retail investor sentiment is waning. Search trends for Bitcoin have declined, and social media platforms are abuzz with negative sentiment.

比特幣恐懼和貪婪指數顯示散戶投資者的情緒正在減弱。比特幣的搜尋趨勢有所下降，社群媒體平台上充斥著負面情緒。

Institutional investors also appear to be less bullish on crypto, as evidenced by consistent outflows from U.S. spot Bitcoin exchange-traded funds (ETFs) for the past five trading days. Newly launched ETFs in Hong Kong are also seeing lower-than-anticipated inflows.

機構投資人似乎也不那麼看好加密貨幣，過去五個交易日美國現貨比特幣交易所交易基金（ETF）持續流出就證明了這一點。香港新推出的 ETF 資金流入也低於預期。

Perpetual funding rates have declined, and futures open interest held by non-ETF funds on the Chicago Mercantile Exchange has fallen to its lowest level since October 2023.

永續資金利率下降，芝加哥商品交易所非ETF基金持有的期貨未平倉合約已降至2023年10月以來的最低水準。

Bearish Trend?

看跌趨勢？

BTC's price has fallen by over 22% from its all-time high, trading around $57,100 at the time of writing. Some analysts believe this may be the onset of a bear market, as miners have been selling their BTC in record numbers and the halving event, which could potentially drive up prices, is still months away.

BTC 的價格已從歷史高點下跌超過 22%，截至撰寫本文時交易價格約為 57,100 美元。一些分析師認為，這可能是熊市的開始，因為礦商以創紀錄的數量出售比特幣，而可能推高價格的減半事件距離現在還有幾個月的時間。

Conclusion: Timing is Key

結論：時機是關鍵

Puckrin's analysis underscores the importance of timing in the cryptocurrency market. While selling in May has historically been a profitable strategy, the current market conditions may present challenges for investors looking to maximize their returns. Selling last month, when BTC's price was hovering around $70,000, would have been the ideal scenario, but it may be too late for investors to reap the same level of profits now. As always, it is crucial to conduct thorough research and exercise caution when making investment decisions in the volatile cryptocurrency market.

Puckrin 的分析強調了加密貨幣市場時機的重要性。雖然從歷史上看，五月出售一直是一種有利可圖的策略，但當前的市場狀況可能會給尋求最大化回報的投資者帶來挑戰。上個月，當 BTC 的價格徘徊在 7 萬美元左右時，賣出本來是理想的情況，但現在投資者想要獲得同樣水平的利潤可能為時已晚。與往常一樣，在波動的加密貨幣市場中做出投資決策時，進行徹底的研究並保持謹慎至關重要。