Spot Bitcoin ETFs logged $471.4 million of net inflows on April 6, the biggest one-day total in at least six weeks. The gains were broad-based, led by BlackRock's IBIT ($181.9 million) and Fidelity's FBTC ($147.3 million), with no fund showing an outflow. Bitcoin opened at $68,978 and traded toward $70,000 as the move was tied to shifting macro headlines rather than a crypto-specific trigger.

Bitcoin has not yet flashed three indicators that have often coincided with bear-market bottoms, including reclaiming the short-term holder (STH) cost basis, per analyst Willy Woo. The STH cohort is defined as buyers from the past 155 days, and their average breakeven is cited around $81,000, leaving recent holders with more than a 14% unrealized loss. Bitcoin ended last week below $67,000 and later rebounded to about $69,500 to start Monday.

Bitcoin’s global hashrate slipped nearly 6% from 1,066 EH/s at the end of Q1 2026 to 1,004 EH/s by Q2, alongside mining revenues hitting a 14-month low. The US, Russia, and China still represent about 65% of network computing power, while Paraguay and Ethiopia increased share by leveraging low-cost hydropower. The report also notes older rigs becoming unprofitable above $0.06/kWh and a policy push in the US tied to hardware supply risks.

Binance Research said on April 5, 2026 that Bitcoin is increasingly moving ahead of central-bank policy shifts, rather than reacting after Fed decisions. The report cites a 2026 correlation of −0.778 between BTC and Binance’s Global Easing Breadth Index, versus +0.21 before US spot ETF approvals, alongside spot ETF totals of $56 billion inflows and $87.5 billion AUM. It also flags April 10’s US CPI print as a near-term test as BTC recovered toward $70,000 while equities stayed pressured by tariffs.

Bitcoin briefly climbed to $69,550 on Monday, rising 3.30% while remaining about 45% below its $126,000 all-time high set on October 6, 2025. The move triggered heavy derivatives liquidations, with over $276 million in leveraged positions wiped out across 80,200 traders. Short sellers absorbed most of the hit as BTC again tested the $70,000 area it has failed to reclaim repeatedly since early February.

Strategy said it recorded a $14.46 billion unrealized loss on its Bitcoin holdings in the first quarter of 2026, alongside a $2.42 billion deferred tax asset linked to those paper losses. The company also bought 4,871 BTC from April 1 to April 5 for about $330 million, lifting total holdings to 766,970 BTC, valued near $53 billion at current prices.

Crypto analyst Nehal outlined a Bitcoin trading roadmap in an April 5 post, describing how investor psychology may shift through 2026. He projected BTC could peak near $215,000 in May, which he framed as a gain of more than 200% from a current price above $69,000. The plan also sketches a possible bull-trap phase in June and distribution that could extend into July and August.

Bitcoin (BTC) pushed above $68,800 and briefly reclaimed $70,000, but the move failed to hold after a high of $70,463. The price has since pulled back while still trading above $68,000 and the 100-hour simple moving average, with $67,500 flagged as a key near-term support. Upside levels highlighted include $69,350, $69,800, and $70,500, while a break lower could expose $66,800 and $65,500.