As reported by COINOTAG on April 1st, historical data from Coinglass reveals that Bitcoin tends to excel in the second quarter, presenting an impressive average return of 24.86% over the past decade. The median quarterly return stands at 7.19%. Yet, a closer look at the previous five years shows inconsistent performance: in Q2 2020, Bitcoin soared by 42.33%, only to see significant declines in Q2 2021 and Q2 2022, recording losses of 40.36% and 56.2%, respectively. Q2 2023 saw a modest uptick of 7.19%, while projections for Q2 2024 indicate a potential downturn of 11.92%.
In April, Bitcoin has experienced a balanced trajectory over the last 12 years, with equal rises and falls—5 of each. The average return for this month is 12.03%, alongside a median return of 2.81%. Over recent years, however, the performance has been less favorable: April 2020 witnessed growth of 34.26%, contrasted sharply by a decline of 1.98% in April 2021. The downward trends continued, with declines of 17.3% in April 2022, a modest rise of 2.81% in April 2023, followed by another dip projected at 14.76% for April 2024.