In the past week, the Bitcoin market rose by almost 10%, representing a 
significant rally amid recent bearish struggles. Notably, the leading 
cryptocurrency has now reclaimed the $73,000 price zone for the first time 
since mid-March, translating to a mild bullish undertone for most investors. 
However, traders in the derivatives market remain largely unconvinced of a 
bullish recovery, given the rise in short positions during this period. 
Related Reading: Bitcoin Battles Key Levels: Will $70,000 Hold Or Trigger A 
Fresh Decline? Bitcoin Open Interest Jumps $350M, But Volume Lags According to 
market analyst Amr Taha, Bitcoin’s price gain was accompanied by a similar 
rise in leverage across major exchanges, indicating a boost in futures 
traders&#8217; activity. However, a different on-chain data suggests that new market 
calls are dominated by bearish positioning rather than bullish ones. For 
context, data from the [BTC]: Open Interest Change By Exchange 7D Chart shows 
that Binance registered a $350 million increase in open interest on April 9, 
marking its highest level recorded since March 20. Meanwhile, Bybit followed 
with $299 million in new contracts, while OKX also recorded $200 million in 
new contracts. Amid these impressive figures, more data from the BTC: Binance 
Cumulative Net Taker Volume/OI [USD] 24H chart shows that net take volume on 
the world’s largest exchange failed to rise to the same levels. For context, 
the net taker volume measures the difference between aggressive buying and 
aggressive selling in the futures market. Therefore, a positive net taker 
volume suggests more aggressive buying, and there is greater bullish pressure 
in the market. However, Amr Taha’s observations indicate that aggressive 
buying activity accounted for only a small portion of the open interest boost 
observed on April 9. This suggests that most traders are placing negative bets 
on the premier cryptocurrency or opting for passive limit bids rather than 
aggressive market participation. Either way, there is an apparent lack of 
bullish conviction in the futures market despite Bitcoin’s recent rally. As a 
result, the sustainability of the upward move increasingly depends on genuine 
spot demand rather than leveraged derivatives positioning. Related Reading: 
Bitcoin Spikes Above $72,000 On Easing War Tensions, But CPI Threatens 
Reversal Bitcoin Price Overview At the time of writing, Bitcoin is valued at 
$72,837, up 0.34% over the last 24 hours. In tandem, the daily trading volume 
had experienced a similar slight rise of 3.85%. Despite the encouraging rally 
over the past week, the maiden cryptocurrency remains deep in a bear market, 
with its market price 42.08% below the cycle high of $126,200 recorded in 
October, 2025. Featured image from Pixabay, chart from Tradingview

Bitcoin Reclaims $73,000 Mark But Traders Remain Unconvinced – Details

The U.S. government moved roughly 2.44 bitcoin, valued at more than $177,000, 
from seized proceeds linked to a federal steroid trafficking and money 
laundering case to a Coinbase Prime institutional custody address on Friday. 
Key Takeaways: The U.S. government sent approximately 2.44 BTC, valued at more 
than $177,000, linked to Glenn Olivio, to Coinbase Prime […]

US Government Sends 2.44 BTC From Drug Case to Coinbase Prime in Fresh Wallet Activity

US job growth stayed modest in March as AI hiring stayed weak, entry-level 
roles shrank, and workers reported more rework.

AI hiring claims face test as US job growth stays modest

While some proponents believe AI will bring about an employment boom, so far 
its effect has been to dampen entry-level hiring while delivering mixed 
results on productivity.

Reality of AI’s impact on employment clashes with C-suite optimism

Crypto analyst ChartNerd has predicted that the XRP price is about to stage 
the breakout of the decade. This came as he alluded to a bullish pattern that 
has been forming since 2024, and is now seeing a critical retest. XRP Price 
Sees ‘Breakout Of The Decade’ In an X post, ChartNerd stated that the XRP 
price has secretly handed the market the breakout of the decade. He revealed 
that a multi-year symmetrical triangle, which finally broke in Q4 2024, 
leading to a new all-time high (ATH) in July 2025, is now searching for a 
critical retest. The analyst added that this is the exact setup as the similar 
triangle in earlier cycles between 2013 and 2017 before a vicious uptick. 
Related Reading: Analyst Says The Real XRP Move Hasn’t Happened Yet, What To 
Expect The analyst noted that the current XRP price structure is similar, with 
triangle compression, a clean break, a textbook retest, and then ignition. He 
added that if this retest is successful, XRP is not looking back for another 
three to four years. ChartNerd added that there is a major opportunity at 
hand, with the altcoin eyeing new highs. The analyst’s accompanying chart 
showed that the XRP price could rally to a new ATH of $21 on this breakout. 
However, the altcoin could retest below the psychological $1 level before 
embarking on a parabolic rally to the upside. It is worth noting that the 
retest could happen as soon as this month amid macro pressures, including the 
U.S.-Iran war. ChartNerd had earlier mentioned that this month is shaping up 
to be a defining one for the XRP price. He noted that the altcoin is 
navigating a high-volatility zone at the moment, which is worth paying close 
attention to. A New ATH Is In Sight In an X post, crypto analyst Dark Defender 
said that a new all-time high is in sight for the XRP price. This came as he 
noted that the altcoin broke a key resistance on the 3-day chart after 
respecting the structure and supporting the $1.31 white Fibonacci line 
multiple times. The analyst also revealed that XRP has completed the C Wave, 
broken above the resistance-support triangle, and recorded an RSI bullish 
cross, which is why he is confident that a new ATH is in sight. Related 
Reading: XRP Holders Are Seeing Major Losses Since The Bull Market, And The 
Numbers Are Rising However, despite these positive outlooks for the XRP price, 
crypto analyst CasiTrades has warned that the XRP price could still drop to as 
low as $0.85 on a 5-wave move to the downside. In the short term, she predicts 
that the altcoin could drop to $1.09 after its relief bounce following the 
U.S.-Iran ceasefire. At the time of writing, the XRP price is trading at 
around $1.35, up in the last 24 hours, according to data from CoinMarketCap. 
Featured image from Getty Images, chart from Tradingview.com

Cryptocurrency price in USD