Analysis: While Bitcoin sentiment is generally optimistic based on seasonal patterns, positions have not yet been established.

CoinFeed reported on May 6th that, according to BIT analysis, April's market movements almost entirely followed seasonal patterns. Based on the past few years, April is typically a strong month for Bitcoin, and this year's actual gains exceeded the historical average, largely consistent with historical trends. It's worth noting that despite the clear seasonal pattern, a widespread bullish consensus did not emerge in the market before April. While sentiment was somewhat optimistic, positions were not significantly increased; low trading volume and persistently negative funding rates indicated that many traders were still observing. This wait-and-see attitude continued into May. Bitcoin's return to $80,000 caught many investors off guard, suggesting that the market had not been fully positioned beforehand, and positions had not yet significantly increased. Historically, May has also been a stable month for Bitcoin, with an average return of approximately 10.3%, recording gains in 6 out of the past 10 years.