CryptoQuant: Bitcoin demand remains weak, but prices may rebound to $71,500 to $81,200

ZkProver · 2026-04-02T15:33:46+00:00

Although institutional buyers are still purchasing, spot demand for Bitcoin has significantly decreased, with apparent demand over the past 30 days down by approximately 63,000 BTC. Market selling pressure remains high. If the US-Iran conflict eases, Bitcoin prices could rise to the $71,500 to $81,200 range.

ZkProver

2026-04-02 15:33:46

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ChainCatcher message, citing CryptoQuant data via Theblock, despite some institutional buyers continuing to purchase, spot Bitcoin demand is still in a “deep contraction” state. As of the end of March, the 30-day apparent demand has increased by approximately -63,000 BTC, indicating that sell pressure in the market remains stronger than buy pressure.

CryptoQuant says that if the U.S.-Iran conflict eases, Bitcoin’s price could rise to the $71,500 to $81,200 range—levels that are key resistance points in a bear market.

BTC0,17%

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