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April is closing bearish today, but zoom out and the picture is different. BTC just posted its best monthly performance since Q4 2024 - the last time institutional FOMO hit in force. Despite Iran, despite three Fed holds, despite $295M in liquidations mid-month, April ends with Bitcoin meaningfully higher than where it started. That is not weakness. That is resilience with data behind it.
21Shares CIO is calling $100K possible by year end. ETF inflows hit their highest AUM since February. Bitcoin whale holdings are at a 5-month high. The monthly candle closing today will look a lot calmer on the chart than it felt living through it - which is exactly how the best accumulation months always look in hindsight.
If April was the best month since Q4 2024, what does May look like with a new Fed chair incoming and the CLARITY Act deadline approaching? Is the monthly momentum enough to carry into Q2?
#BTCBestMonthSince2024Q4
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