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April 3rd BTC Strategy Analysis: Oscillation Building a Bottom, Layout for Supplementary Long Positions. The market needs to be bold!
On April 3rd, BTC experienced a short-term oscillation and correction, with the current price around $66,400. Combining on-chain data, ETF funds, and geopolitical situations, we maintain a bullish strategy for supplementary positions.
On-chain data shows a slight rebound in the number of active BTC addresses and on-chain transaction volume. Long-term holders are maintaining stable positions, while short-term selling pressure is weakening. Exchange balances continue to decline, with whales accumulating in the $65,000-$66,000 range, strengthening support.
In terms of ETFs, the net inflow of Bitcoin spot ETFs in March reached $1.48 billion, setting a new high for the year. BlackRock's IBIT had a single-day net inflow of over $300 million, as institutions strategically position themselves against short-term selling pressure.
On-chain data shows a slight rebound in the number of active BTC addresses and on-chain transaction volume. Long-term holders are maintaining stable positions, while short-term selling pressure is weakening. Exchange balances continue to decline, with whales accumulating in the $65,000-$66,000 range, strengthening support.
In terms of ETFs, the net inflow of Bitcoin spot ETFs in March reached $1.48 billion, setting a new high for the year. BlackRock's IBIT had a single-day net inflow of over $300 million, as institutions strategically position themselves against short-term selling pressure.
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