Bitcoin Faces Resistance at Key Level as Large Holders Prepare to Sell
Bitcoin's surge towards $75,000 is encountering significant supply pressure, even as institutional investment remains steady. The recent price increase has been driven primarily by macroeconomic factors rather than speculative activity, with US-listed spot bitcoin ETFs experiencing consistent inflows. However, as bitcoin approaches a key cost-basis level for short-term holders, on-chain data indi…
April 16, 2026, 7:07 a.m.