Bitcoin’s $20M/Hour Selloff Reveals Rally Folly

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Markets

What to know:

  • Bitcoin hath again beheld the familiar specter of profit-taking above seventy thousand, with more than twenty million dollars of BTC sold each hour, thus repressing the ascent.
  • The seventy-to-eighty thousand band has proven a distribution ground since February, where gains are hurriedly surrendered and momentum fades, as if the crowd grows tired of the chase.
  • Prices touched near seventy-four thousand on Saturday before slipping below seventy-one thousand, while news of the Islamabad talks between the United States and Iran unsettled oil markets and weighed upon futures.

The bitcoin market has faced the familiar problem since prices rose above seventy thousand last week: a sharp rise in profit-taking.

More than twenty million dollars’ worth of BTC has been sold per hour in profit realization, according to blockchain analytics firm Glassnode.

“Every approach to the seventy-thousand-to-eighty-thousand band faces thin liquidity and profit-taking pressure, capping the bounce. Another bounce to the >70k range was exhausted by >$20M/Hour profit realization,” Glassnode said on X.

The message is clear: the seventy-thousand-eighty-thousand band is less a battleground of conviction and more a persistent distribution zone, as has been observed since February.

In other words, rallies above seventy thousand are consistently turning into liquidity events. Instead of buyers chasing momentum higher, holders are using strength as an exit window and the result is a market where every uptick is met with an immediate counterweight of supply.

Bitcoin is struggling to build momentum above seventy thousand. Prices briefly touched nearly seventy-four thousand on Saturday before slipping back below seventy-one thousand at the time of writing, as the breakdown in Islamabad peace talks between the U.S. and Iran pushed oil higher and weighed on U.S. stock futures.

Until that twenty million-per-hour pressure eases, bitcoin’s ceiling isn’t technical, but behavioral. And one cannot help but smile at the absurd theater of men chasing numbers as if they were bread, while the loaf remains stubbornly out of reach.

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2026-04-13 11:14