Bitcoin holds steady as sentiment hits worst levels since Iran war began

Social sentiment, on-chain data, and positioning metrics all hit extremes not seen since late February, even as institutional buying remains elevated. What to know : Bitcoin is trading around $67,100 and has held in a $65,000 to $73,000 range despite the most negative social media sentiment since late February and an extreme fear reading on the Fear and Greed Index. Institutional demand, including record March ETF inflows and new approval for a low-fee Morgan Stanley bitcoin ETF, is providing a firm price floor even as broader market demand turns negative. Large holders are aggressively distributing bitcoin and overall 30-day apparent demand is deeply negative, raising doubts that bitcoin’s historically strong April seasonality can overcome war headlines and persistent fear.