Bitcoin long-term holders have stopped panic selling, with the SOPR flipping from 0.80 to 1.1. The market for Bitcoin dipping to $60,000 in April shows decreased odds, reflecting reduced selling pressure and structural demand support.
Market reaction
The Bitcoin dipping to $60,000 in April market is moving on renewed holder confidence. Long-term holders are now realizing 10% profits at around $78,000, making traders less concerned about a major drop. This market faces a decreased likelihood of a YES resolution. The broader April 2026 predictions reflect the same direction, with reduced probability of a steep decline.
Why it matters
The absence of panic selling and a structural floor from significant ETF inflows both weigh on these odds. The 20% losses realized at the local bottom signal that the worst may be over for now. Bitcoin’s price consolidation between $75,000 and $79,000 points to a stable range, reducing the likelihood of a sharp downturn.
No significant trading volumes have been reported in these markets, but the sentiment shift is clear. Cumulative spot Bitcoin ETF inflows sit at $57.98 billion, supporting reduced selling pressure. For traders, the lower probability of a YES resolution in the $60,000 dip market means shorting positions may not be as profitable as previously expected.
What to watch
For contrarian traders, a YES share betting on a $60,000 dip trades at a low cost. But with long-term holders in profit and structural support in place, that bet requires a belief in some significant catalyst breaking the current stability.
Watch geopolitical developments, particularly the U.S.-Iran ceasefire. Disruptions there could trigger volatility. Sudden regulatory announcements or macroeconomic shifts could also move Bitcoin’s price.
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