- Price and Trend: The asset surpassed $73,004 this April 10 following the CPI data, remaining above the 50-day Simple Moving Average (SMA) located at $71,693.
- Whale Activity: Flows from large holders to Binance fell below $3 billion, reaching their lowest level since June 2025.
- Institutional Accumulation: Long-term holders (LTH) absorbed $49 billion over the last 30 days, contrasting with retail distribution.
During the April 10 session, the crypto market reacted strongly, placing Bitcoin very close to $73,000 following the publication of CPI data in the United States. This bullish momentum occurs as unusual whale behavior is reported across exchanges.
Currently, the RSI stands at 61.67, indicating positive momentum but remaining far from extreme overbought levels. Open Interest (OI) increased aggressively, adding $350 million on Binance and $299 million on Bybit in just 24 hours.
However, there is a concerning divergence between the increase in leverage and net taker volume. This disconnect suggests that a large portion of the new positions could be short bets, expecting a rejection at current resistance levels.
While some futures traders remain skeptical, the supply on exchanges is decreasing drastically. Whales have reduced their fund inflows to ten-month lows, which alleviates immediate selling pressure.
Accumulation Dynamics and Market Scenarios
The structural health of the ecosystem appears robust thanks to long-term holders (LTH). in the last month, this group capitalized on an absorption of $49 billion, a pace of accumulation not seen since the middle of last year.
While short-term investors or “weak hands” distribute their holdings to take advantage of the rally, strong hands are creating a solid floor. This capital rotation typically precedes more sustained price movements over time.
To consolidate the trend, Bitcoin’s price must stay above $72,000 to force a liquidation of short positions. If the bulls fail, the $71,693 zone will act as the first critical support before seeking lower levels.
In conclusion, Bitcoin’s return near $73,000 reflects an intense struggle between bearish leverage and physical supply scarcity. The resolution of this divergence will determine whether the market seeks new all-time highs or a necessary technical correction.