Bitcoin's Fear and Greed Index hits 'extreme fear' territory. Analyst Vetle Lunde draws parallels to the 2022 bear market bottom, noting a healthy deleveraging in futures markets and a consolidation range of $60,000–$75,000 for long-term accumulation.
Bitcoin stayed above $75,395 while markets tracked the April 22 ceasefire deadline, spot ETF inflows, and promotional claims tied to Pepeto's presale and listing plans.
Denmark's largest lender Danske Bank has lifted its crypto ban after nearly eight years, allowing customers to invest in Bitcoin and Ethereum through regulated ETPs. The move reflects rising client demand and EU's MiCA framework.
Bitcoin is consolidating between $62,000 and $75,000, last trading at $70,748. ETF inflows, exchange outflows, and long-term holder accumulation point to tighter supply, but weak buying pressure keeps the market divided between a $60,000 floor and deeper calls for $48,000.
Goldman Sachs analyst James Yaro says crypto equities are stabilizing after a 46% drop, with ETF inflows and long-term holding trends supporting a potential bottom. Bitcoin trades in a $60K-$75K range while institutions maintain exposure.
K33 says Bitcoin’s 30-day average funding rate has stayed negative for 46 straight days, matching the length seen near the 2022 bear market bottom. Rising open interest and a firmer spot price are keeping focus on a possible short squeeze.
Bitcoin traded between $74,000 and $75,000 on April 15, up about 23% from its February low, as traders watched resistance near $76,000 and a reported Bitcoin settlement use tied to oil transit through the Strait of Hormuz.
K33 says over half of Bitcoin’s circulating supply is at a loss, a condition that has often appeared near prior bear market lows. ETF flows and a rebound in risk appetite are also shaping the current setup.
