Bitcoin completed April with a net growth of 11.87 percent, demonstrating its strongest performance since the beginning of the year. The leading cryptocurrency closed the second month in a row in the green, leaving the best month of 2026 behind. In the first days of May, it reached the level of 76,960.11 dollars, reaching a value increase of 12.94 percent so far in the second quarter of the year. CryptoAppsy According to data, this rise of Bitcoin brought with it the expectation of a new rise.
Global markets and news flow pushed Bitcoin
Bitcoin’s strong April performance follows net losses over the previous five months. The fear and greed index pointed to 26 points at the end of April; This showed that investors were still cautious and hesitant to enter into large buying positions. However, at the end of the month, the atmosphere of ‘extreme fear’ disappeared and purchases accelerated.
Historically, April has generally been profitable for Bitcoin; It closed with a loss only five times during this period. BTC, which achieved a similar momentum last year, reached historical peaks in the following months. May witnessed relative declines and sudden price movements in the last five years’ data.
Throughout April, the leading cryptocurrency was exposed to both global economic fluctuations and various shocks within the crypto market. During this period, attacks and security vulnerabilities rose to record levels. On the other hand, tensions in the Strait of Hormuz and oil shocks also created uneasiness in the markets, which caused some investors to turn to stock and oil futures.
Whales and big companies dominated the market
Bitcoin’s rise was accelerated, especially by the increase in purchases by large investors. Along with whales, individual wallet holders also played an active role in the spot and futures markets. One of the most notable moves was made by a corporate company known for large-scale Bitcoin accumulation, with the purchase of 34,164 BTC as of April 20.
The increase in whale purchases and institutional investments in April 2026 led to the rapid recovery of BTC and the decrease of pressure on the market.
Bitcoin’s market dominance also increased compared to last month, reaching 58.2. In contrast, interest in altcoins and tokens remained low. Market players have continued to place greater emphasis on Bitcoin in recent months due to the loss of trust in decentralized finance (DeFi) projects and frequent attacks.
Cautious atmosphere continues in the options market
The Bitcoin options market has begun to show signs of a short-term relief rally. On May 1, the $1.74 billion BTC option and $394 million ETH option expired. The put/call ratio of weekly BTC options was 1.1; This shows that investors are still protecting against downside risks.
On the option expiration date, the market came very close to the ‘maximum pain’ level around $76,000. Now put options began to gather heavily at $75,500, thus moving the hedge level higher.
The highest call options accumulated in the $79,500-$80,000 region. Exceeding this band may be a trigger for a new upward momentum. However, there is still a tendency to prioritize hedging in the options market overall.
It is stated that in this period when the maturity of weekly options compresses the price, there may be movements that may cause sudden direction changes in the market. Investors are realigning their positions to avoid keeping the Bitcoin price at ‘maximum pain’ level for an extended period of time.
