Overview
- Bitcoin jumped above $72,000 during the latest session before easing, keeping the $62,000 to $72,000 range intact.
- CryptoQuant reports rising demand from long‑term “accumulator” wallets that only receive coins, a constructive sign that has not yet confirmed a breakout.
- The firm says the signal turns reliable only if the metric’s 30‑day average keeps rising alongside price, which would show acceptance at higher levels.
- Spot Bitcoin ETFs drew $471 million of net inflows on April 6, pointing to renewed institutional buying near current prices.
- Technical markers still cap the advance, with repeated failures below key moving averages and a clear setup where a close above roughly $72,000 opens upside and a drop under about $62,000 risks further losses.