Bitcoin Faces Resistance at Key Level as Large Holders Prepare to Sell
Bitcoin's surge towards $75,000 is encountering significant selling pressure, driven by institutional inflows rather than speculative activity. U.S.-based spot bitcoin ETFs have seen steady inflows, including a sizable $240 million injection following Middle East geopolitical tensions, as reported by market maker Enflux. This demand has propelled BTC from around $71,000 to the mid-$70,000s, despi…
April 16, 2026, 7:07 a.m.