BitcoinBTCAfter dropping by 5% in the last two days,’s monthly trading range is now below $70,000.
BTC is likely to face renewed pressure to sell as the market’s onchain flow, futures and spot volume data indicate.
BTC holders who hold BTC for a short time can lock in profits
Short-term investors (STHs), who are those holding Bitcoin for less than a year, have been taking profits at a faster rate since the rally of Bitcoin above $74,000. Darkfost, a crypto analyst said Over the last 24 hours, STH wallets have sent more than 27000 BTC to exchanges.
Since November 2025, the spike has been one of the biggest realized profits transfers in this cohort.
Darkfost said that most of the gains were made between a week and a month ago. Their realized price was around $68,000.
Bitcoin futures data showed a pattern of aggressive sale activity. The market analyst IT Tech has noted the recent negative turn in both perpetual and spot futures on the CVD indicator. CVD is a measure of buy volume less sell volume. A negative reading signals dominant selling pressure.
According to the analyst, the spot CVD reached –$202.49 million while perpetual futures CVD dropped to –$185.60 million. Bitcoin fell below $70,000 in this same time period as the bid liquid pulled back on the market.
Related: Bitcoin price drops to near $68K as US jobs weakness fails to rescue bulls
Coinbase premium index signals fading demand
Also, near price pivot points the demand for spot from US-based traders weakened.
Coinbase Premium Index is a measure of the premium index. measures As BTC neared $74,000, the Bitcoin difference between Coinbase’s exchange and those offshore has continued to diminish. Positive readings typically indicate a greater US spot market demand.
During Bitcoin’s rally toward the $73,000–$74,000 range on Wednesday, the premium briefly spiked above 0.08, indicating strong buying activity from Coinbase-using entities.
This move faded quickly as the $74,000 price was reverted and later the premium turned negative.
MN Capital founder Michaël van de Poppe said Recently, the Nasdaq and other risky assets have been affected by the broad selling that occurs on Fridays in the US.
Van de Poppe added that Bitcoin holding the $67,000–$68,000 range may stabilize the short-term trend before a continued move higher.
Titan of Crypto is a crypto trading platform. pointed The price could consolidate if there is a fair value gap nearby. The FVG is created when the price leaves an area of low liquidity and moves rapidly. The price can return to the zones in question, if it wants to restore the balance of liquidity.
The lower border of this gap lies near $66,500. This is what the trader watches as a zone with greater liquidity.
Related: Was $74K a bull trap? Bitcoin traders diverge on 2022 crash repeating
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Source: cointelegraph.com
