{"id":164675,"date":"2026-05-13T01:00:54","date_gmt":"2026-05-13T01:00:54","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=164675"},"modified":"2026-05-13T01:00:54","modified_gmt":"2026-05-13T01:00:54","slug":"heres-why-the-bitcoin-price-has-risen-37-since-april-and-what-could-threaten-the-rally","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=164675","title":{"rendered":"Here\u2019s Why The Bitcoin Price Has Risen 37% Since April And What Could Threaten The Rally"},"content":{"rendered":"

The massive surge in the Bitcoin price since April 2026 is still viewed as part of a broader bear market phase, according to on-chain analytics platform CryptoQuant. While some market experts believe the rebound could signal a new bull run<\/a>, CryptoQuant\u2019s unrealized profit data show the numbers are nowhere near bull-market levels. Notably, as BTC\u2019s value increases, rising selling pressure<\/a> could threaten the cryptocurrency\u2019s ongoing rally, potentially triggering a price breakdown.\u00a0\u00a0<\/p>\n

Profit-Taking Hits Three-Month Highs After Bitcoin Price Surge<\/h2>\n

Bitcoin\u2019s rally to $82,000<\/a> on May 6 came as a shock to the broader digital asset market, as that was the first time the cryptocurrency had reached that level since late January 2026. Initially, BTC broke above $81,000 on May 5 and pushed toward $82,000 the next day, only to be rejected. Now, after the surge, Julio Monero, the Head of Research at CryptoQuant, believes that investors could be gearing up to take profit<\/a>, potentially adding more volatility to the cryptocurrency\u2019s price.\u00a0<\/p>\n

Monero said<\/a> in an analysis report that Bitcoin holders realized daily profits<\/a> of up to 14,600 BTC on May 4, marking the highest single-day figure since December 10, 2025. Net profits on a 30-day basis also surged, with holders realizing over 20,000 BTC. These numbers reinforce the analyst\u2019s belief that selling pressure may be imminent.<\/p>\n

The CryptoQuant analyst also noted that Bitcoin has skyrocketed over 20% since the beginning of April, now trading around $80,000 after its latest rally. To some, this might look like a renewed and sustainable bull run<\/a>. However, he described the move as a \u201cbear market rally,\u201d suggesting that Bitcoin remains within a broader bear trend<\/a> despite recent price gains.\u00a0<\/p>\n

Monero also revealed that BTC\u2019s price surges since April have been fueled by easing macroeconomic pressures<\/a> and an earlier undervaluation, which kept its price depressed all through January to March 2026. He added that a sharp increase in demand for perpetual futures <\/a>has helped prop up BTC\u2019s price, suggesting that much of the buying is probably driven by leveraged traders rather than fresh spot accumulation.<\/p>\n

All of these developments appear to be pushing the cryptocurrency\u2019s price upward despite social and whale sentiment still firmly in the Fear territory<\/a>. At the same time, price score and volatility indicators are flashing<\/a> Greed, signaling that BTC\u2019s rally is likely being driven by price action alone, rather than any meaningful or real shift in how investors actually feel about the market.\u00a0<\/p>\n

Analyst Flags Upcoming Downside Risk For BTC<\/h2>\n

In his report, Monero added that Bitcoin\u2019s 30-day realized profit of over 20,000 BTC is still a long way from the 130,000 to 200,000 BTC range typically seen in bull markets. He believes the gap alone suggests the market could still have more pain ahead.<\/p>\n

Beyond the broader bear market and potential selling pressure, Monero also highlights specific warning signs that raise Bitcoin\u2019s downside risk<\/a>. He noted that while perpetual futures continue to climb, spot demand and exchange inflows remain weaker than expected. He described this setup as one that is \u201cconsistent with a rally that carries meaningful correction risk but has not yet reached a confirmed distributional peak.\u201d<\/p>","protected":false},"excerpt":{"rendered":"

The massive surge in the Bitcoin price since April 2026 is still viewed as part of a broader bear market phase, according to on-chain analytics platform CryptoQuant. While some market experts believe the rebound could signal a new bull run, CryptoQuant\u2019s unrealized profit data show the numbers are nowhere near bull-market levels. Notably, as BTC\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":164676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-164675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164675"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=164675"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/164675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/164676"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=164675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=164675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=164675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}