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$BTC rebounds after a major short squeeze, but the market is still stuck in a tug-of-war 🔥 BTC just posted a notable rebound after the market saw roughly $238–240 million in liquidations over the past 24 hours, with shorts accounting for more than $135 million. Price bounced from the 66–67k area to around 68.4–68.7k, showing that crowded short positioning can still be forced out quickly when buying pressure appears. 📈 What stands out is that BTC perpetual open interest remains elevated at around $48.2–48.5 billion, meaning leverage has not cooled much after the squeeze. Funding is also no longer deeply negative, and has even turned slightly positive on some exchanges, suggesting positioning is gradually becoming more balanced. 🧭 On the surface, retail traders still lean toward the dead-cat-bounce narrative and continue opening fresh shorts on rebounds. But underneath, larger players still appear to be absorbing supply through ETF inflows, whale accumulation, and ongoing BTC withdrawals from exchanges. ⚠️ The zone above 68k and up toward 71k still holds dense short liquidity, so if price can stay above 68k and spot volume improves, the squeeze could extend further. On the other hand, if momentum fades and support breaks, downside pressure toward 65k could return quickly. #Bitcoin #CryptoInsights

BTC Market Insight — 7 Apr 2026 BTC relatif flat -0,04% (24h), tapi di balik itu momentum mulai melemah. Yang masih jadi support: • Institusi makin agresif → BlackRock expand ETF, Schwab buka akses • Saylor tambah $330M) → akumulasi berlanjut • Regulasi makin jelas → potensi adopsi lebih luas Tapi ada tanda warning: • Miner mulai distribusi (MARA & Riot kirim BTC ke market) • Geopolitik masih jadi trigger utama volatilitas • Teknikal melemah: MACD negatif + RSI drop tajam Kesimpulan: Fundamental masih kuat, tapi jangka pendek mulai terlihat kehilangan momentum → rawan koreksi / sideways. $BTC

$BTC As price probed the $70K region, Realized Profit/hour spiked above $20M, signalling a local exhaustion. - A pattern consistent since February 2026: Every approach to the $70k–$80K band meets thin liquidity and profit-taking pressure, capping the bounce. © Glassnode

Higher timeframe still shows bearish bias for $BTC

$BTC has shown significant growth since the low volume of the weekend, despite a clear seller aggression. Today, price managed to grow from the 67k, under where demand resides protecting, towards 70k, touching the daily resistance. During the growth, the ADMF showed a money accumulation that didn't surpass previous attempts at rallies, despite reaching higher before a drop. Open interest showed bearish correlation to leaving positions, and further bullish contracts entering the book. The drop didn't change them significantly at the moment. It seemed to be growing towards a potential 70k breakout, stopping by the Point of Control (PoC) at 67,9k. After failing to break the channel level aligning with a daily ongoing downtrend, wicking through and stopping by the 68,331 support before a recovery to the floor of one of the rejection areas floor. The current scenario hints at either a moment of exhaustion the bulls, and a long squeeze of market manipulation. A massive sell order bubble appeared on the order book tape, reinforcing that buyers reached exhaustion at the previous level, and sellers had little to no struggle to pull price down likewise to the candle that pushed price upwards hours ago. Failing to hold at 68,5k and recovering to 69,2k over the next hours will make the next support levels the highest wick above the EQH support zone before the +$2k candle, at 67,562, and the EQH zone itself at 67,4k. A deeper drop will likely meet the PoT (Point of Tension) at 66,7k, and revisiting the major support level at 65,6k, where the first demand block defends price with a discount. Funding rates remark the sellers outnumbering buyers, where now shorts pay longs to keep their positions open.