13.5M Bitcoin addresses in loss as price falls to $70.8k from $126k peak

13.5 million Bitcoin addresses are currently in loss at a price of $70,800, after Bitcoin pulled back from its October 2025 peak of $126,272.

Market reaction

The Bitcoin Price Predictions in April market reflects uncertainty about whether Bitcoin will dip to $60,000 this month. The ongoing U.S.-Iran conflict has turned Bitcoin into a “geopolitical barometer,” with price movements closely tied to developments in the Gulf. Traders are weighing the impact of the recent collapse of a two-week ceasefire.

The Bitcoin Above Price Predictions in April market shows a decrease in the likelihood of Bitcoin being above $56,000 on April 10, given sustained geopolitical pressure, Trump administration tariff policies, and macro deleveraging. Bitcoin’s correlation with the Nasdaq-100 remains high at 85%, meaning it is trading as a high-beta asset rather than a safe haven.

Why it matters

Combined 24-hour volume across the relevant markets sits at $0 in face value. That lack of liquidity means any large trades could significantly move the odds. The geopolitical context and its effect on Bitcoin’s price make position sizing especially important.

What to watch

The U.S.-Iran conflict is the primary driver. Developments involving Jerome Powell and Gary Gensler also matter: Powell’s next public statement or any SEC regulatory decisions could shift Bitcoin’s trajectory. A YES share in the “Will Bitcoin dip to $60,000 in April?” market pays $1 if the price reaches the target, making it a direct bet on further geopolitical deterioration weighing on Bitcoin.

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