Crypto Week: Extreme Fear and Consolidation at 67K
Bitcoin closed this first week of April 2026 at US$ 67.382, practically stable with a gain of just 0.5% over the past seven days. The market remains in defensive mode, with the Fear & Greed index locked at 11/100 — extreme fear that has persisted for consecutive weeks.
The week was marked by low volatility and declining volume, typical signs of consolidation before more significant moves. With Bitcoin dominance at 58.2%, the scenario suggests that investors are concentrating positions in the first cryptocurrency, while altcoins remain under pressure.
Market Overview
The global cryptocurrency market maintains capitalization of US$ 2.32 trillion, with daily volume of US$ 43.75 billion — figures that reflect the caution predominant among traders and institutional investors.
Ethereum, quoted at US$ 2.056, showed slightly better performance than Bitcoin with a 1.4% gain for the week, but still faces significant technical resistance. Its dominance of 10.7% remains stable, indicating there is no massive exodus to altcoins.
Bitcoin: Persistent Bearish Structure
Bitcoin's technical analysis reveals a clearly bearish structure. With RSI at 45.50 — neutral territory — the asset is being traded below the 20 and 50 period moving averages, located at US$ 69.073 and US$ 68.642, respectively.
The most concerning signal comes from the bearish crossover: the SMA50 is 23.4% below the SMA200, a configuration that historically indicates a consolidated downtrend. The immediate support at US$ 65.970 will be crucial to avoid a deeper correction.
Short-term resistance at US$ 68.232 has proven solid, rejecting breakthrough attempts in recent days. For a trend reversal, Bitcoin would need to reclaim the 70K region and sustain above the SMA20.
Análise Técnica — Bitcoin
Ethereum: Technical Uncertainty
Ethereum presents mixed signals, with price oscillating between the 20 and 50 period moving averages. RSI at 48.30 indicates neutrality, but the overall structure remains bearish with SMA50 31.9% below the SMA200.
Support at US$ 1.983 has remained firm, while resistance at US$ 2.139 limits upside moves. Breaking either of these levels will define the short-term direction for ETH.
Análise Técnica — Ethereum
Top Gainers and Losers of the Week
Among the big winners, SIREN surged 241.6% for the week, followed by VET (+7.9%) and DEXE (+7.8%). On the negative side, QNT led losses with a 4.5% decline, followed by NIGHT (-3.8%) and WLD (-2.9%).
The discrepant performance between different assets reflects the selectivity of the current market. Tokens with specific narratives manage to attract flow, while most altcoins remain pressured by Bitcoin dominance.
Stablecoin Rates
Stablecoins maintain stability, with USDT and USDC operating within normal spreads against the real, euro and other currencies. For Brazilian investors, conversion rates remain competitive, facilitating entry and exit from positions.
Regulatory Scenario in Focus
The week brought important developments on the regulatory front. According to CoinDesk, the definition of 16 cryptocurrencies as "digital commodities" by the SEC and CFTC — including Bitcoin, Ethereum and Solana — represents long-awaited regulatory clarity for the American market.
Approval of the CLARITY Act also gains prominence as a potential catalyst for institutional adoption. Read also at ON3X: our article on how this law could define the future of the crypto market in the US.
Liquidations on the Rise
CoinTelegraph data indicates that Bitcoin shorts face risk of US$ 2.5 billion in liquidations if the price reaches 72K. This potential squeeze scenario adds tension to the market, especially considering high open interest in derivatives.
The concentration of short positions suggests that a trend reversal could be explosive, creating a cascade of liquidations that would amplify any upside move.
What to Expect Next Week
- Monitor if Bitcoin sustains support at US$ 65.970 or breaks to a new low
- Track volume and volatility — signs that consolidation is coming to an end
- Observe regulatory developments in the US and impact on institutional adoption
- Stay alert to the 72K level for possible short squeeze
- Evaluate relative performance of altcoins as an indicator of risk appetite
Disclaimer: Crypto Radar is published daily by the ON3X team for informational purposes exclusively. This content does not constitute investment recommendation. Do your own research before making financial decisions.