Bitcoin faces $20M/hour selling pressure once it moves above $70K
Since breaking above $70K, Bitcoin is facing a familiar issue: heavy profit-taking.
Data from Glassnode shows over $20M worth of BTC being sold every hour as traders lock in gains.
The $70K–$80K range has become more of a distribution zone than a breakout area. Each rally into this band is met with selling pressure, limiting upside momentum.
Even recent moves near $74K quickly faded, showing that strength is being used as an exit, not an entry.
Right now, the real barrier isn’t technical it’s behavioral.