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CryptoUpdated×9•Originally published 3 April 2026•Updated 4 April 2026•

1 min read

Bitcoin Traders Turn Cautious Ahead of Easter as Bearish Bets Surge

Golden Bitcoin coins, digital charts, and upward green arrows on an orange world map background, depicting crypto growth.

Key Facts

1A report from K33 Research highlighted a surge in bearish bets on Bitcoin.

2Traders are cautious due to ongoing geopolitical tensions in Iran and expected liquidity reduction during the Easter holiday.

3Heavy short positioning could lead to sharp volatility or a short squeeze once liquidity returns.

2 months ago

Version History

11 additional sources confirmed this story

Version 92 months ago

What changed: Added details on Michael Saylor's optimism failing to move $100,000 price odds and traders awaiting regulatory or institutional catalysts.

Version 82 months ago

What changed: Added a specific timeframe (36-48 hours) for the expected market quietness and introduced a bullish outlook for the month of April.

Version 72 months ago

What changed: Added specific liquidation risk data ($2.5B at $72,000) and linked potential price reversals to ETF demand and geopolitical catalysts like a ceasefire.

Version 62 months ago

What changed: Added data on search trends as a contrarian bottom signal and included an analytical perspective classifying the drawdown as a 'bull market dip'.

Version 52 months ago

What changed: Added data on social sentiment reaching a bearish peak since February and noted the price retracement toward 2024 lows.

Version 42 months ago

Version 32 months ago

What changed: Updated current Bitcoin price to $66,800, added the 8% monthly decline figure, and defined the $60k-$74k trading range since the February bottom.

Version 22 months ago

What changed: The story was updated to include new data on XRP, highlighting the divergence between institutional buying and leveraged short selling as the asset tests key demand zones.

Version 12 months ago

What changed: Updated the story to include specific technical support at $65.9k and the potential for a bounce toward $70k.

Bitcoin traders maintain a cautious stance ahead of the Easter holiday, with K33 Research highlighting a surge in bearish bets amid anticipated thin liquidity. Despite Michael Saylor's persistent optimism regarding Bitcoin, his bullish outlook has failed to shift trader odds for a $100,000 price target in the near term. Market participants are now awaiting specific regulatory changes or major institutional moves to serve as the next catalysts for an upward trajectory. Currently, approximately $2.5 billion in potential liquidations have been identified at the $72,000 level, posing a significant risk to short sellers if a rally occurs. Meanwhile, institutional investors continue to accumulate XRP despite heavy short positions from leveraged traders. This divergence, coupled with XRP's stability at key demand levels, suggests that sharp volatility or a potential short squeeze remains a distinct possibility.