CryptoQuant: If macro risks ease, Bitcoin could rebound to $71,500–$81,200

2026-04-02 14:36:37

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Deep Tide TechFlow message. On April 2, according to The Block, CryptoQuant released a report indicating that Bitcoin spot demand is still in a “deep contraction” phase. As of the end of March, over a 30-day period, apparent demand increased by approximately -63,000 BTC, and ongoing selling pressure has remained stronger than buy-side pressure.

“Whale” addresses holding between 1,000 and 10,000 BTC have turned into net sellers; over the past year, their holdings net decreased by about 188,000 BTC. The 365-day simple moving average has continued to fall, and CryptoQuant believes this round of distribution has structural characteristics. The Coinbase premium index has also remained consistently negative, suggesting that U.S. investors have not yet returned to the market on a large scale.

CryptoQuant said that if the macro environment improves—especially if the geopolitical conflict between the U.S. and Iran shows signs of easing—there is a possibility that Bitcoin could rebound in the short term to the $71,500–$81,200 range. In that range, roughly $81,200 corresponds to the traders’ realized price and is the pressure level for a rebound during the January 2026 bear market.

BTC-2,38%

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