Analyst: Crowded Short Positions Before Easter Hide Upside Risks as Bitcoin Drops Below $66,000

2026-04-03 00:29:00

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On April 2, Bitcoin continued to fluctuate in the range of approximately $60,000 to $70,000, with no clear breakthrough catalyst in sight. Derivative positions remain defensive, as traders continue to pay funding fees to maintain short exposure, increasing the risk of a short squeeze. Analysts indicate that as energy and metal prices impact the market, pushing it into a ‘supply chain disruption’ phase, macro pressures are further intensifying.

BTC-0.3%

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