Bitcoin is navigating a tricky phase, showing its lowest investor sentiment in two years, according to CryptoQuant's "bull score index." Despite this, Bitcoin displayed resilience, closing with gains on April 3, while the S&P 500 fell by 4.5%. The trend continued as major US indices dropped further on April 4, but Bitcoin remained steady.

CryptoQuant data suggests Bitcoin might be entering a "risk-on" phase, where investors favor riskier assets. The Crypto Fear & Greed Index reflects caution, with a score of 28, hinting at potential buying opportunities amid market volatility.