Over the last two weeks, Bitcoin has experienced sustained selling pressure. Between April 5 and 8, the BTC market saw a decline of at least 9.01%. Currently, Bitcoin is trading just 2.48% above its price at the beginning of the month, reflecting growing concerns among traders. As investors pull back, the market prepares for a potential rebound or further decline.

Investors are increasingly looking to understand market sentiment as they analyze the on-chain data. Short-term holders appear to sell off in response to the ongoing pressure, leading to fluctuations in Bitcoin’s value. As market conditions evolve, traders are left wondering whether Bitcoin can regain momentum or continue to struggle amid bearish sentiment.