Bitcoin: A key indicator suggests an imminent reversal, according to CryptoQuant
BULLISH
WD
BTC
STRONG
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Bitcoin is moving within a pivotal zone after surpassing 74,000 dollars on Tuesday, a level that revives both optimism and investor concerns. While the bullish momentum seemed to resume, several on-chain signals indicate a gradual rise in selling pressure. In this context, recent data from CryptoQuant highlight possible market fatigue. Between technical resistance, profit-taking, and increased activity among large holders, BTC could enter a decisive phase where the trend risks quickly reversing.
In brief
- Bitcoin reached $74,000 but faces a key resistance around $76,800, historically difficult to break.
- Strong increase in deposits on exchanges, with 11,000 BTC in 1 hour, signaling enhanced selling pressure.
- Intense whales activity: average deposits at 2.25 BTC, peaks above 1,000 BTC and large flow share rose from 10% to 40%.
- Correction risk: a similar pattern in January / March 2026 preceded a decline, with a key support around $67,600.
Selling signals intensify after Bitcoin’s rebound
The recent rise of Bitcoin now faces an increasing risk of profit-taking: on-chain data show a gradual increase in selling pressure. A report published Wednesday by CryptoQuant, authored by its research director Julio Moreno, suggests that the market could enter a more uncertain short-term phase.
Such a situation is explained by several key signals:
- Key resistance at $76,800, related to the realized price of traders on the blockchain, historically difficult to break.
- Increased selling pressure near the break-even point, limiting the rise.
- About 11,000 BTC deposited on exchanges in 1 hour, a level never reached since December 2025.
- A similar signal observed in March 2026, with flows reaching 9,000 BTC and a concentration of 63% on large deposits, followed by a correction.
Thus, despite recent supportive factors such as dollar weakness or geopolitical easing, the market shows signs of fatigue. In the short term, a Bitcoin correction remains possible if selling pressure continues to intensify.
Whales in action: selling pressure rising, heading toward support at $67,600
Following the observed market tensions, the activity of major holders reinforces the signals of fragility. According to CryptoQuant data, transfers to exchange platforms are intensifying. Moreno notes that this dynamic reflects a gradual increase 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 if selling pressure intensifies. In case of rejection, the key support remains around $67,600 in the short term.
In detail, the average deposit now reaches 2.25 BTC, a high since July 2024, sustained 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 has strongly increased, rising from less than 10% to more than 40% of total flows within a few days — a threshold historically associated with phases of intense short-term selling pressure.
Finally, profit-taking remains for now contained around 500 million dollars per day, but the dynamic could quickly accelerate. If BTC stays above current levels, realized profits could exceed one billion dollars, thus reinforcing selling pressure and increasing the risk of market fatigue or even market reversal.
