Bitcoin surged back above the $66,000 mark on April 3, disregarding concerns surrounding the sale of BTC from the Silk Road. After dipping to around $64,500 following the daily close, Bitcoin witnessed a modest recovery, according to data from Cointelegraph Markets Pro and TradingView.

The United States government's sale of over 2,000 BTC ($133 million) from its confiscation of assets from the Silk Road marketplace initially unsettled the market, but traders urged for composure. Michaël van de Poppe, founder and CEO of MNTrading, emphasized the presence of both bullish and bearish narratives in the market, noting that the sale of Silk Road Bitcoin was just one aspect.

Despite the market's nerves, some traders expressed satisfaction with the increased availability of BTC supply and downplayed the significance of the amount sold. On the buying side, data indicated inflows of over $40 million into U.S. spot Bitcoin ETFs on April 2, surpassing the government sell-off.

Looking ahead, traders hoped to see sustained momentum from spot buyers to support Bitcoin's upward trajectory. Despite short-term corrections, traders remained optimistic, emphasizing Bitcoin's resilience and the opportunity for buying during market dips.