Bitcoin Encounters Resistance at Key Level as Large Holders Prepare to Sell
The bitcoin rally towards $75,000 is facing significant supply pressure, even as institutional demand remains steady. The recent price increase has been primarily driven by macro flows rather than speculative activity, with U.S.-listed spot bitcoin ETFs attracting consistent inflows, including a $240 million injection following Middle East geopolitical tensions. However, on-chain data suggests th…
April 16, 2026, 7:07 a.m.