Bitcoin sentiment turns most bearish since Feb 28 Santiment says
Bitcoin stalls below $70K. About $6B in shorts could get squeezed if price hits $72,500, per Santiment.
Sentiment flipped bearish fast. The bullish-to-bearish ratio fell to 0.81 to 1.00, the lowest since Feb 28, per Santiment.
Bitcoin keeps hitting the same ceiling. This is the seventh push at $70,000 since early Feb. Price hovered near $69,550 at publication. It briefly touched $60,000 on Feb 5. The report adds BTC is still 45% under its Oct 6, 2025 peak of $126,080.
Derivatives lean one way. The report cites Coinglass showing shorts stacked near $72,500 and about $2B in longs around $65,000. A move up could force short liquidations and add momentum.
Macro overhang weighs on risk. Tensions in the US–Iran conflict and uncertainty around the Clarity Act curb conviction.
On-chain hasn’t reset. The report cites CryptoQuant showing BTC above its realized price at $54,279. Historically, deeper accumulation often starts below that line.
Headline: Bitcoin tests $70K again; $6B shorts at risk above $72.5K, says Santiment
