The crypto market is seeing a dramatic downturn, folks are hitting that sell button hard, triggering a massive $160 billion plunge in the total cryptocurrency market cap since last Friday.

As the first quarter of the year wraps up, a few factors have piled up, fueling this significant sell-off. Think concerns about Trump’s renewed tariff threats, swirling worries about the global economy, and the simple fact that we’re missing a clear spark to ignite the next upward climb.

Still, if we look at history for guidance, there might be a silver lining as we head into the second quarter. April could actually set the stage for a crypto comeback.

Actually, looking back at historical trends, April has typically been a pretty good month for Bitcoin. Data from Barchart shows that since 2010, April has delivered an average return of 27% for Bitcoin, making it the third-best month overall. For comparison, November and May take the top spots, boasting impressive average gains of around 38% and 26%, respectively.

CoinDesk analyst Omkar Godbole, in his Crypto Daybook Americas newsletter – a valuable resource for traders seeking smart investment insights – points out that this seasonal pattern could be a welcome ray of sunshine for the market right now.

As Godbole put it, “Seasonal trends aren’t definitive on their own, but when you combine them with other indicators, like the recent slowdown in selling from long-term holders, they start to look quite compelling.”

However, there’s a potential wrinkle in the works. Remember Mt. Gox? Well, their recent transfer of a significant chunk of Bitcoin to centralized exchange wallets might be causing some unease, sparking fears of creditors suddenly liquidating their holdings.

Deribit CEO Luuk Strijers highlights this, noting, “A possible short-term risk to watch is Mt. Gox transferring substantial amounts of BTC to Kraken. This could inject some temporary selling pressure and market volatility.”

Read more: Now Is ‘Really Good Time’ to Buy Bitcoin, Says Trillion Dollar Investment Manager