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0/ $BTC "closed" April (-1.8%) the first negative month since September snapping the 1st 6 consecutive positive month streak since Nov & #39;12-April & #39;13. It was the first negative April since & #39;15 with April / May from a seasonality standpoint historically the best months of the year
1/ Notably $ETH finished April +44.5% its 7th consecutive positive month which set a new record. It "closed" April +275% YTD.
2/ $BTC underperformed $ETH by 46.3% on the month the 8th worst month all time & the 2nd worst underperformance since & #39;18 (behind January & #39;21).
The next month has been a coin flip for $BTC absolute performance while it has outperformed $ETH 2/3 of the time in the month after.
The next month has been a coin flip for $BTC absolute performance while it has outperformed $ETH 2/3 of the time in the month after.
3/ The "theoretical cost basis" of $BTC finished +12.3% its smallest monthly increase since October (when $BTC was +28.2%) it now sits at an ATH of $19,567.
April closed at a ~195% premium which is still top 10% all time.
April closed at a ~195% premium which is still top 10% all time.
4/ The increase in the $BTC "theoretical cost basis" has started to increase at a slower rate. This is a decent proxy to tell the age of the coins moving hands.
5/ Looking at implied vol April was the lowest month for $BTC since & #39;Dec. It was in-line with Sept / June in terms of the last two down months for $BTC where annualized vol has been < 70
