Analysis: The current Bitcoin rebound has limited profit-taking volume, and market investor sentiment is gradually stabilizing.

MarsBitNews · 2026-04-08T06:12:55+00:00

On-chain analyst Murphy pointed out that as Bitcoin rebounds to $71,000–$72k, recent investor sentiment is gradually stabilizing, with lower profit-taking and stop-loss activities. The market has expectations for further upward movement, but short positions should be approached with caution.

MarsBitNews

2026-04-08 06:12:55

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Mars Finance news. On April 8, on-chain analyst Murphy said: “During this round of Bitcoin’s rebound to $71,000–$72k, the average realized profit over the past 24 hours was only about $18.79 million, far lower than the massive profit-taking triggered by several earlier rebounds. At the same time, the average realized loss for short-term holders over the past 24 hours was only about $6.06 million, which is extremely low in recent terms. Overall, market investors’ sentiment is gradually stabilizing, with a clear improvement compared with the extreme pessimism in February. When prices rebound, profit-taking positions are not in a rush to cash out, and loss positions are also unwilling to stop losses easily, indicating that the market may be anticipating further upside rebound potential. For short positions, one should not be overly fixated. Although indicators show a need for overbought and divergence repair, near-term opportunities are limited, so caution is required—you cannot stay in a prolonged fight.”

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