• Bitcoin saw a shift in momentum as the RSI fell below neutral 50.
• The OBV was unable to climb to a previous low, indicating rising selling pressure.

Bitcoin [BTC] noted swift losses in the past 24 hours. In particular, a 4.9% drop occurred within an hour on the 2nd of April and witnessed millions of dollars in liquidations.

The price smashed below a pocket of liquidity, and the forced selling drove prices lower.

The long-term outlook for BTC remained bullish as the ETF inflows were extremely strong. AMBCrypto reported that the metrics for BTC were bearish, and prices slid lower hours later.