Bitcoin: Retail turns bullish but whales build short positions – What this means for BTC at $68K
Bitcoin rebounds to $68K as retail goes long and whales short, with rising netflows and weak momentum raising bull trap concerns.
Bitcoin is pushing back toward $70,000 as macro pressure eases, but each attempt is still being sold into. The market is improving on the outside while failing to resolve a key internal constraint.
Two papers published this week have reignited debates about the risk posed by “Q-day” to the cryptography that underpins digital assets.
April 1, 2026, 4:31 pmOn Tuesday, a bitcoin holder whose wallet sat untouched since May 2014 moved 500 BTC across five separate transfers, adding to a broader pattern of long-dormant addresses awakening throughout the month. Nearly 1,911 BTC From Dormant Wallets Moved in March 2026, Onchain Data Reveals The five transactions were recorded between 8:21 p.m. and 8:40 p.m.
April 1, 2026, 4:19 pmBitcoin rebounds to $68K as retail goes long and whales short, with rising netflows and weak momentum raising bull trap concerns.
Also: OpenAI raises $122 billion, crypto ecosystems diverging post-quantum strategies, and Base’s 2026 roadmap.
Bitcoin is no longer responding to rising global liquidity the way it did in the last cycle. Even as money supply expands, a stronger dollar is tightening financial conditions faster than liquidity can lift prices. Bitcoin traders love one chart more than almost any other: global M2 liquidity with a time lag.
Genius Group's debt clearance via Bitcoin sale may stabilize finances, but future treasury strategies hinge on volatile market conditions.
NYSE-listed Cango raised a total of $75 million from a strategic investment and a convertible note financing deal.
Michael Saylor's Strategy has raised funds to purchase at least 1,111 BTC this week, increasing the odds of sending prices higher in April.
With the first quarter of 2026 over, Bitcoin’s weak showing looks less like a single crypto-specific break and more like the product of a market that spent the past months under growing macro and geopolitical pressure.
Not all analysts agree that further drawdowns are over, as Bloomberg Analyst Mike McGlone insists the crypto bubble is over and bitcoin could still revisit $10,000.
Bitcoin defensive positioning is building into a potential Easter-driven slowdown, according to analysts at K33.