Ali Martinez said in an April 4 post on X that Bitcoin’s CVDD on-chain metric places a potential macro support zone at $47,960. Bitcoin was reported trading at $67,279 at the time of writing, up 0.69% over the past day and 0.72% over the past week, while the broader bear-market drawdown was cited at 46.7%. The view suggests there could still be downside room before a structural bottom is confirmed.

Bitcoin spent March trading mostly between $63,000 and $71,000 after a brief push to $75,000, and it was priced at $66,930 at press time. On-chain readings suggest the main sell-side flow is coming from short-term holders, while older cohorts are largely inactive. The analysis also notes that the market has held its range despite ongoing STH distribution, which historically often coincided with sharper pullbacks.

On April 3, analyst Darkfost said Bitcoin retail participation hit a record low, with transactions under 1 BTC dropping sharply. Using Binance data, the 30-day moving average of retail BTC inflows was reported at 332 BTC, the lowest since the exchange launched in 2017. The post attributed the decline to mixed factors, including ETF adoption since January 2024 and some capital rotation into other markets.

Joao Wedson of Alphractal highlighted $60,490 as a critical Bitcoin level tied to Binance's Reserve Realized Price, warning that a break below it could put much of the exchange's BTC reserve at an unrealized loss. He noted BTC recently slipped to around $65,000 (down 5.14% over seven days) before consolidating near $66,000, while the metric sits about 9% below current levels.

Bitcoin is trading around the $66,000 area and remains above the short-term holder (STH) realized price, a level some analysts view as important for near-term sentiment. The market has been in a drawdown since October 2025, with BTC down 52% from the cycle's all-time high, while on-chain metrics cited by CryptoZeno point to softer selling pressure. At press time, BTC was $66,748, up 1.04% in 24 hours, as daily volume fell 53.48%.

Bitcoin slid to around $65,000 over the past week, posting a 6.74% net loss and leaving March at a 4.4% net decline. A March 27 QuickTake by Easy On Chain says institutional-style "smart money" behavior diverged from the drop, with multiple on-chain indicators and stablecoin movements pointing to renewed accumulation while BTC later traded at $66,003.

Bitcoin saw another failed upside attempt over the past week, meeting strong resistance at $75,000 before sliding back toward $70,000. Glassnode said options traders are leaning more defensive, with greater demand for downside protection alongside lower volatility expectations. Bitcoin was last noted at $70,668, up 0.33% on the day, while daily volume fell 17.30% to $36.67 billion.

Grayscale filed an S-1 on March 20 to register the Grayscale HYPE ETF with the US SEC, aiming to list on NASDAQ under the ticker GHYP. The product would reference HYPE, the native token of Hyperliquid, which the article says has reached a $10.23 billion market cap. HYPE was last noted trading at $39.44, down 1.18% over 24 hours and up 38.29% over the past month.

On October 6, 2025, Bitcoin set its current all-time high at $126,100 before entering a corrective phase that analyst Darkfost says has lasted 159 days so far. Reviewing past cycles, the analyst notes it took 1,180 days after the 2017 peak and 1,093 days before the 2021 high, while the latest 2025 ATH followed after 849 days, implying the next record could still be years away even as the intervals gradually shorten. Darkfost also argues that new highs have historically been linked more to the end of bear markets than to Bitcoin’s halving events, despite the structural importance of halvings for supply and inflation dynamics.