Nic Puckrin, CEO of Coin Bureau, believes that selling Bitcoin (BTC) in May will be more profitable than selling in September. According to his tweet, profits accrue from selling cryptocurrencies in September. 5 has surpassed sales in September or any time of the year by more than 1000%.

He explains that the phrase "Sell in May and go away" originates from the traditional finance space and refers to the impact of seasonality. Over the past 5 years, buying BTC in October and selling in April has delivered a cumulative return of 1,449% compared to buying in May and selling in September, which has yielded a negative return of -29%.

However, on-chain indicators and macroeconomic conditions suggest that it may be too late for investors to sell their assets now, as May has already started poorly and market sentiment has taken a turn for the worse. reduced head.

BTC is down more than 22% from its all-time high and is trading at $57,100 at the time of writing.