Bitcoin has stalled below $70,000 recently after fresh profit-taking capped gains, according to Glassnode. The firm said every recovery attempt since early February has met demand exhaustion near $70K. Thin liquidity and steady realized profits have repeatedly blocked sustained upside. Bitcoin’s Price Liquidity Strain As per Glassnode data, even net realized profit above $5 million
The post Glassnode Signals Bitcoin Still Faces Downside Risk Amid Massive Sell Pressure at $70K appeared first on CoinGape.
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