Bitcoin Stalls at $76K As Profit-Taking Hit 63K BTC
Cointelegraph
Bitcoin stalled at $76K as traders cashed out 63K BTC, while whales accumulated, potentially stabilizing the price.Summary
Bitcoin's rally above $76,000 stalled due to significant profit-taking by short-term traders, who moved 63,000 BTC to exchanges on April 14, the highest level in 2026. This occurred as long-term holders continued to accumulate, with over 71,000 BTC flowing into accumulation addresses, indicating a transfer of coins from weaker to stronger hands. This dynamic may temper Bitcoin's attempts to break the $80,000 resistance. Technical analysis suggests potential support levels around $73,000 and $72,000, with significant long liquidations clustered near these zones. A move towards $80,000 would expose substantial short liquidations, suggesting a possible retest of the $70,000-$72,000 range before further upward movement.
(Source：Cointelegraph)