Sell Crypto in May

The year 2023 has been difficult for both equities and digital assets. Analysts are debating when the next economic crisis will occur, both domestically and internationally. Digital assets were once touted as a safe-haven asset and hedge against financial Armageddon, but since then, almost any meaningful headline has been shrugged off as unimportant. In trading terms, both realized and implied volatility have drifted into all-time-low territory. To take advantage of the ever-decreasing volatility in digital assets, traders are pressing short vol bets, wagering that the current conditions will persist. However, the recent calm in bitcoin and ether volatility should not lull market participants into a false sense of security. As the winds of macroeconomic change continue to blow, we could witness the sharp return of volatility that these assets are known for.