Bitcoin is moving in a pivotal zone after exceeding $74,000 on Tuesday, a level that revives both optimism and concerns among investors. While the bullish momentum seemed to resume, several on-chain signals indicate a gradual increase in selling pressure. In this context, recent data from CryptoQuant highlights a possible slowdown in the market. Between technical resistance, profit taking and increased activity of large holders, BTC could enter a decisive phase where the trend risks changing quickly.
In brief
- Bitcoin has reached $74,000, but is facing key resistance around $76,800, which has historically been difficult to breach.
- Sharp increase in deposits on exchanges, with 11,000 BTC in 1 hour, signaling increased selling pressure.
- Intense whale activity: average deposits at 2.25 BTC, peaks above 1,000 BTC and share of large flows increased from 10% to 40%.
- Correction Risk: A similar pattern in January/March 2026 preceded a decline, with key support around $67,600.
Sell Signals Intensify After Bitcoin Rebounds
The recent rise in bitcoin now faces an increasing risk of profit-taking: on-chain data shows a gradual increase in selling pressure. According to a report published Wednesday by CryptoQuant and written by its director of research, Julio Moreno, the market could enter a more uncertain phase in the short term.
Such a situation can be explained by several key signals :
- Key resistance at $76,800, linked to the realized price of traders on the blockchain, historically difficult to cross;
- Increased selling pressure near the break-even point, limiting the increase;
- Around 11,000 BTC deposited on exchanges in 1 hour, a level never reached since December 2025;
- A similar signal seen in March 2026, with flows reaching 9,000 BTC and a 63% concentration on large deposits, followed by a correction.
Thus, despite recent supporting factors such as the weakness of the dollar or geopolitical appeasement, the market is showing signs of running out of steam. In the short term, a correction in bitcoin remains possible if selling pressure continues to intensify.
Whales in action: increasing selling pressure, heading towards $67,600 support
As an extension of the tensions observed on the market, the activity of the main holders reinforces the signals of fragility. According to CryptoQuant data, transfers to exchange platforms are intensifying. Moreno notes that this dynamic reflects a gradual rise in profit-taking among the most exposed investors. Especially since the $76,800 zone had already blocked bitcoin's rebound in January 2026 before a decline, a scenario that could repeat itself if selling pressure increases. In the event of a rejection, key support remains located around $67,600 in the near term.
In detail, the average deposit now reaches 2.25 BTC, the highest since July 2024, supported by large-scale movements. Some transfers even exceed 1,000 BTC, confirming the direct involvement of whales on platforms like Binance. Furthermore, the share of large deposits increased significantly, going from less than 10% to more than 40% of total flows in just a few days – a threshold historically associated with phases of intense short-term selling pressure.
Finally, profit taking remains contained for the moment to around $500 million per day, but the dynamic could quickly accelerate. If BTC remains above current levels, profits could exceed a billion dollars, thus reinforcing selling pressure and the risk of a loss of steam, or even a market reversal.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
