Analysis: The scale of profit-taking in this round of bitcoin rebound is limited, and market investor sentiment is gradually stabilizing.

BlockBeats news, on April 8, on-chain analyst Murphy stated: "When Bitcoin rebounded to 71,000–72,000 USD in this round, the average realized profit over the past 24 hours was only about 18.79 million USD, far lower than the large-scale profit-taking seen in previous rebounds. Meanwhile, short-term holders' average realized loss over the past 24 hours was only about 6.06 million USD, which is a very low level recently.

Overall, market investor sentiment is gradually stabilizing, with the extreme pessimism of February clearly easing. During price rebounds, profit-takers are not rushing to cash out, and those at a loss are unwilling to easily stop out, showing the market anticipates higher rebound potential. For short positions, it is not advisable to be overly persistent. Although indicators suggest the need for a correction of overbought and divergence, short-term opportunities are limited and caution is essential, without clinging to positions."