五月出售，但今年加密货币利润可能为时已晚

加密信息门户 Coin Bureau 联合创始人兼首席执行官 Nic Puckrin 表示，过去五年中，事实证明，5 月出售比特币（BTC）比 9 月出售比特币更有利可图。 Puckrin 引用了加密货币研究公司 K33 的一份报告，该报告显示，10 月份买入 BTC、4 月份卖出的累计回报率为 1,449%，而 5 月份买入、9 月份卖出的累计回报率为-29%。

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

五月出售，收获利润：加密货币市场洞察显示最大回报

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 联合创始人兼首席执行官 Nic Puckrin 表示，要在加密货币市场实现利润最大化，时机就是一切。根据历史数据，5 月份出售比特币 (BTC) 的投资者的收益将明显高于 9 月份抛售资产的投资者。

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 的分析显示，过去 5 年来，5 月份 BTC 销售的累计回报率比 9 月份高出惊人的 1000%。 “五月卖出，走开”这句格言源自传统金融，反映了季节性对股市表现的影响。

Historical Trends: May Sales Trump September Sales

历史趋势：5 月销量超过 9 月销量

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 解释说，从历史上看，股市从 11 月到 4 月表现较好，导致投资者在 5 月卖出并在 10 月再次买入。这一原则似乎在加密领域也适用。

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 月买入 4 月卖出 BTC，过去 5 年的累计回报率为 1,449%，而 5 月买入 9 月卖出的累计回报率为 -29%。 Puckrin 引用了加密货币分析公司 K33 的研究来支持他的主张。

Market Sentiment: Cooling Off

市场情绪：降温

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.

虽然过去五月出售可能是明智之举，但目前的市场状况表明，今年利用这一趋势可能为时已晚。 5月开局看跌，市场情绪降温。

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.

比特币恐惧和贪婪指数表明散户投资者的情绪正在减弱。比特币的搜索趋势有所下降，社交媒体平台上充斥着负面情绪。

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.

机构投资者似乎也不那么看好加密货币，过去五个交易日美国现货比特币交易所交易基金（ETF）持续流出就证明了这一点。香港新推出的 ETF 资金流入也低于预期。

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.

永续资金利率下降，芝加哥商品交易所非ETF基金持有的期货未平仓合约已降至2023年10月以来的最低水平。

Bearish Trend?

看跌趋势？

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 的价格已从历史高点下跌超过 22%，截至撰写本文时交易价格约为 57,100 美元。一些分析师认为，这可能是熊市的开始，因为矿商以创纪录的数量出售比特币，而可能推高价格的减半事件距离现在还有几个月的时间。

Conclusion: Timing is Key

结论：时机是关键

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 的分析强调了加密货币市场时机的重要性。虽然从历史上看，五月份出售一直是一种有利可图的策略，但当前的市场状况可能会给寻求最大化回报的投资者带来挑战。上个月，当 BTC 的价格徘徊在 70,000 美元左右时，卖出本来是理想的情况，但现在投资者想要获得同样水平的利润可能为时已晚。与往常一样，在波动的加密货币市场中做出投资决策时，进行彻底的研究并保持谨慎至关重要。