{ "id": 69551, "date": "2026-04-08T10:05:23", "date_gmt": "2026-04-08T03:05:23", "guid": { "rendered": "https:\/\/hbbgroup.net\/bitcoin-holds-67k-support-as-data-exposes-price-to-sentiment-divergence\/" }, "modified": "2026-04-08T10:05:23", "modified_gmt": "2026-04-08T03:05:23", "slug": "bitcoin-holds-67k-support-as-data-exposes-price-to-sentiment-divergence", "status": "publish", "type": "post", "link": "https:\/\/hbbgroup.net\/en_us\/bitcoin-holds-67k-support-as-data-exposes-price-to-sentiment-divergence\/", "title": { "rendered": "Bitcoin holds $67K support as data exposes price to sentiment divergence" }, "content": { "rendered": "
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Bitcoin (BTC<\/a>) continues to show strong support at $67,000, even as a growing split between BTC’s price stability and bearish sentiment among investors leaves the cryptocurrency in a state of equilibrium.<\/p>\n

BTC\u2019s resilience in avoiding dips below $60,000 has been driven by strong institutional investor demand and long-term buying, despite volatility stemming from the US-Israel-Iran war.<\/p>\n

Wintermure flags a shift in BTC positioning<\/h2>\n

Market maker Wintermute noted<\/a> that Bitcoin\u2019s price and sentiment were diverging. The Fear and Greed Index sat at 11 on Tuesday, staying in \u201cextreme fear\u201d for over a month.<\/p>\n

The sentiment index has remained in this range for the longest period in its history.<\/p>\n

However, BTC has absorbed a $403 million liquidation event, persistent negative on-chain demand, and repeated war headline shocks without losing its yearly lows set at $60,000 on Feb. 6.\u00a0<\/p>\n

Wintermute explained that the institutional demand played a central role in March. Spot Bitcoin exchange-traded funds (ETFs) absorbed around 50,000 BTC, while corporate buying added 44,000 BTC.<\/p>\n

Morgan Stanley also received approval for a spot ETF from the New York Stock Exchange (NYSE), expanding access to 16,000 advisors. The total net inflows reached $1.32 billion, ending a four-month streak of net outflows.<\/p>\n

The demand<\/a> from accumulator addresses supported this trend. CryptoQuant data indicates that demand from long-term wallets rose to 289,971 BTC on April 7, up from 158,336 BTC over the previous two weeks, i.e., an increase of 83%.\u00a0<\/p>\n

\"Cryptocurrencies,
Demand from accumulator addresses. Source: CryptoQuant<\/em><\/figcaption><\/figure>\n

Crypto researcher Rei noted that this divergence points to steady absorption, with the 30-day average trend acting as a key confirmation signal. Rei said<\/a>,\u00a0<\/p>\n

\u201cIf that happens alongside price establishing acceptance at higher levels, the signal becomes significantly more convincing.\u201d<\/p><\/blockquote>\n

Related: Bitcoin waits at $68K as hours tick down to Iran deadline<\/strong><\/em><\/a><\/p>\n

BTC ETF flows slowed down as leveraged trading rises<\/h2>\n

Wintermute also noted that despite surging institutional demand in March, ETF flow data shifted toward the end of the month. ETF activity flipped to $414 million in outflows in the final week, while over-the-counter (OTC) positioning moved to neutral and early selling from buying.<\/p>\n

Meanwhile, crypto analyst Maartunn pointed<\/a> out that BTC\u2019s surge to $70,000 on Monday was a leverage-driven pump. 75% of such rallies have retraced completely in 2026, with the recent rally taking shape from $67,000.\u00a0<\/p>\n

\"Cryptocurrencies,
BTC price and open-interest change. Source: Maartunn<\/em><\/figcaption><\/figure>\n

A daily candle close above $67,000 on Tuesday will be a positive development and will continue to signal a rising uptrend on the short-term chart.<\/p>\n

On the daily chart, BTC has closed below $67,000 on 26% of total trading days (16 out of 61) since Feb. 5, when it first fell below that level since October 2024.<\/p>\n

\"Cryptocurrencies,
BTC\/USDT on the one-day chart. Source: <\/em>Cointelegraph\/TradingView<\/em><\/a><\/figcaption><\/figure>\n

Related: Bitcoin price risks ‘$15K shakeout’ in the next 5 months, BTC analyst warns<\/strong><\/em><\/a><\/p>\n