Bitcoin's traditional bottom confirmation signals have not fired. The z-score is still positive. The Coinbase Premium is deeply negative. The Market Heat Score is silent.

Capital rotated from Bitcoin into gold at the cycle top. Flow data shows it moving back. Historical crisis data explains why the timing may not be a coincidence.

Retail traders are posting the most bearish commentary since February 28, while the price is above the 50 SMA with RSI at 60.

Bitcoin's price failed at the 50 SMA on April 2 and has not recovered. The Supply in Profit metric just entered territory last seen in the post-FTX collapse. The data explains the stall, and what breaks it.

Metaplanet, the Tokyo-listed investment firm that has spent the past year rebranding itself as Asia's answer to MicroStrategy, announced on April 2 that it purchased an additional 5,075 Bitcoin during the first quarter of 2026.

Bitcoin price overnight, slicing through its 50-day moving average with RSI hitting 35 as Donald Trump vowed to hit Iran "extremely hard".

Bitcoin is consolidating at $68,800 with a rising SMA and neutral RSI. Underneath it, five on-chain signals are pointing in the same direction, and none of them suggest this stays quiet for long.

BTC touches $69,150 on the hour chart but on-chain data tells a more complicated story.

Bitcoin is closing with one if its worst performance in months as derivatives signal growing short exposure and a long-term capitulation metric enters historic bottom territory for the fourth time ever.