According to BlockBeats, on April 8th, on-chain analyst Murphy stated: "During the current rise of Bitcoin to $71,000–$72,000, the average realized profit over the past 24 hours was only about $18.79 million, which is significantly lower than the mass profit-taking during previous rebounds. At the same time, the average realized loss for short-term holders over the past 24 hours was only about $6.06 million, which is a very low level in recent times.

Overall, investor sentiment in the market is gradually stabilizing, showing a clear improvement compared to the extremely pessimistic February. As prices rise, profitable traders are not rushing to take profits, and those in loss are not willing to easily close their positions, indicating that market participants expect greater potential for further growth. Those holding short positions should not be overly persistent. Although indicators show the need for a correction due to overbought conditions and divergences, short-term opportunities are limited. Caution should be exercised, and trading should not be prolonged."