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

CycleProphet · 2026-04-02T14:31:14+00:00

CryptoQuant reports show that Bitcoin spot demand continues to decline, market selling pressure exceeds buying interest, and whale addresses are turning into net sellers. If the macro environment improves, Bitcoin may rebound in the short term to the $71,500–$81,200 range.

CycleProphet

2026-04-02 14:31:14

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

“Whale” addresses with holdings between 1,000 and 10,000 BTC have turned into net sellers. Over the past year, their net holdings have decreased by about 188,000 BTC. The 365-day simple moving average has continued to decline, and CryptoQuant believes this distribution cycle has structural characteristics. The Coinbase premium index has also remained consistently negative, indicating that U.S. investors have not yet returned to the market at scale.

CryptoQuant noted that if the macro environment improves—especially if tensions in the U.S.-Iran geopolitical conflict ease—Bitcoin may have a short-term rebound risk or possibility toward the $71,500–$81,200 range. Of that, around $81,200 corresponds to the traders’ realized price and serves as the pressure level for a rebound in the January 2026 bear market.

BTC-1.54%

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