Over the past week, Bitcoin’s price action has remained weak, with repeated failures to reclaim levels above $70,000, leaving the asset consolidating between $66,000 and $68,000. The asset posted a slight uptick of 2% on Monday, as it traded above $67,700.
Analysts warn that geopolitical uncertainty is weakening bullish setups, thereby reducing confidence in any upside despite the emergence of short-term price recovery signals.
Capital Is Leaving Bitcoin
On-chain analyst Willy Woo said that according to legacy valuation models, Bitcoin could bottom between $46,000 and $54,000, while also indicating a potentially extended timeline for recovery. In his latest tweet, Woo said that capital held in BTC has been trending downward since November, which points to steady outflows. The analyst also highlighted that the CVDD Floor model, currently near $45,500, continues to rise, providing support.
However, he warned that such models are based on historical patterns derived from just four prior bear markets, all of which occurred during a broader “secular” uptrend in global risk assets. If that macro backdrop weakens or breaks down, Woo warned that the leading crypto asset could enter uncharted territory, which could end up increasing the chances of a deeper and longer bear market.
In line with these warnings about a fragile macro setup, another prominent analyst has also dismissed the recent rally as temporary.
Bitcoin Bottom Not In Yet
Crypto analyst Doctor Profit has reiterated a bearish outlook on Bitcoin, while stating that the asset’s move does not mean a confirmed trend reversal. According to his findings, Bitcoin remains in a consolidation phase and could still see further upside in the near term, and a possible move toward the $79,000-$84,000 range is expected.
However, the analyst acknowledged that this potential upside does not justify long positions from a risk-reward perspective. Instead, he maintains an active strategy of positioning shorts, including adding new entries if Bitcoin revisits the $79,000-$84,000 zone. While he assigned a moderate probability to price reaching that range, he warned that ongoing geopolitical uncertainty reduces the attractiveness of bullish exposure.
You may also like:
*
Bitcoin Volatility Spikes as Trump Brags for Hitting Big Targets in Iran
*
Bitcoin Treasury Companies Have Gone Quiet – Except One
*
US Eyes a Ground Invasion in Iran Lasting Months: When Will BTC React? (Report)
Doctor Profit further explained that he does not consider the market to have bottomed yet and continues to view Bitcoin as being in an active bear phase. In a separate statement, he placed a likely bottom between $35,000 and $45,000.
SPECIAL OFFER (Exclusive)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Tags:
Bitcoin (BTC) Price
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC rises 0.69% over 15 minutes: spot buy-side strength and sustained whale accumulation on-chain reinforce the move
From 14:30 to 14:45 (UTC) on 2026-04-17, the Bitcoin (BTC) market saw clear signs of abnormal movement. The 15-minute candlestick return reached +0.69%, with the price ranging from 77455.4 to 78044.4 USDT and an amplitude of 0.76%. Short-term fluctuations increased market attention, trading volume expanded in parallel, and liquidity improved further.
The main driver behind this abnormal move was a clear strengthening of spot-market buy-side demand. According to on-chain and statistical data, from 14:00 to 15:00, BTC spot buys had the upper hand. Massive buy orders continued to push the price higher, while whale addresses (≥10,000 BTC holdings) were actively net-buying during this period. The inflow of large on-chain funds directly drove spot prices higher. In addition, CME Bitcoin futures open interest increased by 70%, yet there was no large-scale liquidation or forced selling, indicating that institutional capital was returning in an orderly manner and that futures leverage did not become the dominant source of pressure. The leading force behind this upswing came from the spot market, and any wait-and-see sentiment caused by shrinking ETF flows did not suppress short-term prices.
Meanwhile, on-chain data shows that network activity has continued to rise, and the distribution of holdings is becoming more concentrated. In the short term, the coordinated effect of whales and newly onboarded users amplified price elasticity. Benefiting from an increase in macro risk appetite in mid-April—along with dovish signals from the Bank of Japan coinciding with easing geopolitical tensions—BTC’s attractiveness as a risk asset improved, and investors’ risk appetite strengthened. In addition, although ETF net inflows fell to $4.2 million, there were no large outflows, providing bottom support for spot. Multiple factors converged to drive BTC’s short-term rebound within the 15-minute window.
It is worth noting that the SOPR data for short-term holders shows that some short-term capital is currently trading at a loss; if the price pulls back, there may be a risk of additional downside. Changes in institutional capital driven by shrinking ETF flows are also a potential trigger for volatility. The return of leveraged funds to the futures market is also worth watching. Investors should closely monitor key support levels, the movements of actively circulating on-chain funds, and changes in macro news, so they can grasp the market’s timing and stay up to date with more real-time market information.
GateNews58m ago
BTC breaks through 78000 USDT
Gate News bot message, Gate market shows, BTC breaks through 78000 USDT, current price 78000 USDT.
CryptoRadar1h ago
Sui Targets South Korea for Financial Partnerships, Plans Won-Pegged Stablecoin and Bitcoin Products
Sui, a Layer 1 blockchain project, aims to expand in South Korea by collaborating with financial institutions and technology companies. Key initiatives include developing a stablecoin pegged to the won and enhancing its developer ecosystem with the Move programming language.
GateNews1h ago
Smart Trader pension-usdt.eth Faces $15.5M Loss on BTC and ETH Short Positions Amid Market Rally
Gate News message, smart trader pension-usdt.eth is currently experiencing losses exceeding $15.5 million on short positions of 1,000 BTC (valued at $77.5 million) and 20,000 ETH (valued at $48.7 million) due to the market rally. The trader's total profit has decreased from $33.28 million to $14.98
GateNews1h ago
Whale Liquidates $90M BTC Short Position on Hyperliquid, Suffers $5.39M Daily Loss
A major trader liquidated 1,184.74 BTC, worth around $90 million, to mitigate liquidation risk amid a BTC price surge, incurring a $5.39 million loss. Year-to-date losses for the account now total $43.81 million.
GateNews1h ago
BTC rises 0.58% in 15 minutes: derivatives leverage inflows and whale fund reallocation together lift the price
2026-04-17 13:45 to 14:00 (UTC), BTC’s short-term price return reached +0.58%. The traded price range was between 76626.0 and 77412.2 USDT, with a 1.02% amplitude. During this period, market volatility slightly increased, capital activity rose, and industry attention noticeably heated up.
The main driving force behind this abnormal move is the concentrated inflow of leveraged capital into the derivatives market. Within 24 hours, the total open interest in BTC futures and perpetual contracts surged 8.09%, reaching a record 50.8B USD. Leveraged capital entered quickly, pushing the price higher in the short term.
GateNews1h ago
