Bitcoin falls below $70,000 and revives doubts about the strength of the rebound

After a lightning rebound, bitcoin plunged back below $70,000 and revived doubt about the solidity of the recent upward dynamic. Capital flows, trader activity and several market indicators signal a clear shift: selling pressure is regaining control. Behind this decline, three major factors are reshaping the short-term balance.

Massive profit taking on bitcoin that breaks the momentum

Bitcoin has lost ground and is falling back below a threshold that the market is monitoring closely. In the space of two days, the asset fell by 5%, slipping again below $70,000 and re-entering its monthly range. This break comes after an attempt to maintain recent highs which did not hold in the face of the return of selling pressure.

On-chain data show that the movement is largely explained by short-term arbitrage. Positioned investors took advantage of the rebound to secure their gains, causing an influx of selling orders on exchanges and fueling the decline in prices.

• The Darkfost analyst noted that “more than 27,000 BTC in profits have been transferred to exchanges from short-term investor wallets in the last 24 hours”;

• This volume is among the largest beneficiary transfers observed for short-term holders since November 2025;

• The secured gains mainly came from positions opened between a week and a month earlier;

• The price realized by these investors was around $68,000, a consistent cashout zone.

Selling pressure confirmed and technical signals under surveillance

Derivative markets confirm this domination of sellers. The IT Tech analyst observes that “Both the spot and perpetual futures markets have moved into negative momentum on the Cumulative Volume Delta (CVD) indicator”.

This indicator measures the difference between buyer and seller volumes; a shift to a negative trajectory reflects dominant selling pressure. In detail, the spot CVD fell to –$202.49 million, while the CVD of perpetual contracts fell to –$185.60 million. Over the same period, purchase liquidity contracted, limiting the market's capacity to absorb sell orders.

American demand is also showing signs of running out of steam around recent peaks. The Coinbase Premium Index, which measures the bitcoin price gap between Coinbase and offshore platforms, has lost its vigor approaching $74,000.

The indicator had briefly risen above 0.08, signaling strong buying activity on Coinbase, before reversing as the price underwent a correction. For his part, Michaël van de Poppe, founder of MN Capital, notes that “American sessions on Friday led to massive sales across all risky assets, including the Nasdaq”an unfavorable context which also weighs on cryptos.

On a technical level, several areas now focus the attention of operators. Michaël van de Poppe believes that maintaining bitcoin in the $67,000 – $68,000 zone could stabilize the short-term trend before a bullish recovery.

The trader Titan of Crypto mentions the presence of a “fair value gap”an area of ​​low liquidity created by rapid price movement and likely to attract new trading. He specifies that the lower limit of this zone is located near $66,500, a level monitored as a possible market equilibrium point.

These technical benchmarks, combined with capital flows and demand signals, outline a market in an adjustment phase where the ability of bitcoin to defend its immediate supports will guide the rest of the movement.

Under pressure after a wave of profit-taking and unfavorable market signals, the crypto market is entering an adjustment phase. In the short term, the ability of buyers to defend the supports will be decisive. In this volatile environment, the price of bitcoin remains closely linked to capital flows, liquidity and investor sentiment.