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Home/Markets/Bitcoin Faces $20M/Hour Selling Above $70K
VERIFIEDBy Xavier Rivera· ·1 min read

Bitcoin Faces $20M/Hour Selling Above $70K

Bitcoin faces over $20 million per hour in profit-taking sales above $70,000, per Glassnode. This distribution zone since February caps rallies and turns upside momentum into selling events.

Source:CoinDesk
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Bitcoin Faces $20M/Hour Selling Above $70K
TL;DRAI · 60 sec read

Glassnode reports Bitcoin faces over $20 million per hour in sales above $70,000. The $70,000–$80,000 range acts as a distribution zone since February, with thin liquidity and sharp profit-taking capping rallies. Prices touched nearly $74,000 Saturday before slipping below $71,000 amid failed U.S.-Iran talks that lifted oil prices. Behavioral selling limits upside until it eases.

Bitcoin encounters over $20 million in BTC sold per hour above $70,000, according to blockchain analytics firm Glassnode.

The $70,000–$80,000 zone acts as a distribution range since February, where rallies face thin liquidity and profit-taking pressure that caps upside. Glassnode stated on X: "Every approach to the $70k–$80k band faces thin liquidity and profit-taking pressure, capping the bounce. Another bounce to >$70k range was exhausted by >$20M/Hour profit realization."
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Profit-taking rises sharply since prices moved above $70,000 last week, turning rallies into liquidity events as holders sell into strength.

Prices briefly touched nearly $74,000 on Saturday before slipping below $71,000, amid a breakdown in Islamabad peace talks between the U.S. and Iran that pushed oil higher and weighed on U.S. stock futures.
Glassnode data shows this behavioral pressure, rather than technical factors, limits bitcoin's ceiling until the $20 million-per-hour selling eases.
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