Bitcoin and Ethereum are hovering near levels that could signal a trend reversal, despite growing investor concerns about a bear market. This was stated by macro analyst Jordi Visser on Anthony Pompliano's podcast.
According to the expert, for Bitcoin to solidify its upward movement, it needs to surpass $76,000, while Ethereum must exceed $2,400.
“I believe inflation will remain high, and people need to find something that will yield profits when the S&P 500 is stagnant,” Visser added.
In March, the U.S. consumer price index rose by 0.9% from 2.4% to 3.3%, reaching its highest level since May 2024.
However, the macro analyst does not consider himself a fan of categorizing Bitcoin's price trends as bullish or bearish. He claims that markets typically reverse when investors are most confident in continued growth, and vice versa.
Current Situation
While some signals indicate long-term resilience in the crypto market, it is currently experiencing a downturn. On April 12, the digital gold dropped from $73,000 to $71,300.
As of this writing, Bitcoin is trading around $71,600, having lost 1.5% in the past 24 hours.
Negative sentiment was exacerbated by failed negotiations between the U.S. and Iran, as Tehran rejected Washington's terms for a peaceful resolution to the conflict. This situation risks escalating further.
As noted by Alphractal CEO Joao Wedson, large investors are currently opening short positions on altcoins, while retail investors are doing the opposite.
Whales are aggressively positioning in shorts on altcoins while retail is doing the opposite.
— Joao Wedson (@joao_wedson) April 11, 2026
At the beginning of 2025, the Whale vs. Retail Delta was elevated, signaling strong interest in longs across the entire crypto market.
Since then, this metric has been declining. By… pic.twitter.com/VLfjPxiGBH
Historically, such a concentration of shorts leads to sharp corrections, the expert noted.
The Block founder Frank Chaparro pointed out that Bitcoin's liquidity has not fully recovered since the crash on October 10, 2025.
BTC liquidity still hasn’t fully bounced back post Oct 10 crash.
— Frank Chaparro (@fintechfrank) April 10, 2026
Average 1% depth dropped from ~$8M to ~$3M, now stabilizing around ~$6M.
Other majors are showing the same pattern, still below pre-crash levels.
Source: Kaiko pic.twitter.com/rLevSCd8LU
“The average depth of liquidity at 1% has dropped from ~$8 million to ~$3 million, now stabilizing around ~$6 million. Other major cryptocurrencies are showing a similar trend, remaining below pre-crisis levels,” Chaparro added.
It is worth noting that in April, Ethereum's network activity approached its all-time high amid price consolidation.