Bitcoin’s (BTCThe short-term gains of traders reached their highest level since 2026.
Bitcoin may struggle to breach the $80,000 mark if long-term shareholders continue to accumulate.
Cryptocurrency profiteering meets the demand of whales
As BTC profit sent to exchanges increased from 44,800 BTC to 63,000 BTC by April 14, new Bitcoin short-term investors moved their Bitcoin holdings. This is the highest BTC level since Jan. 14 and the highest in 2026.
According to Onchain, during that time period the 1-day-to-1-week cohort returned nearly 2,000 BTC to Binance. The data suggests that recently acquired coins were being converted to sell-side liquid as BTC was trading near $76,000.
Amr Taha, Crypto Analyst flagged It is clear that this was the first major wave of profit taking after the return to the highs of the month. It is in line with cautious distribution where new participants are looking to make gains during key resistance levels.
Taha pointed out that the natural cooling in momentum is a result of this.
BTC behavior is different. Market analyst CW noted The largest inflow bullish since the beginning of 2022 was a one-day inflow totaling over 71,000 BTC. Large holders are consuming the available supply of short-term buyers.
These flows indicate a possible transfer of coins by weaker holders to strong ones. This could stabilize prices while also limiting any immediate price rise.
Related: Bitcoin ETFs post $412M in inflows as Goldman Sachs files for BTC ETF
Bitcoin’s liquidity cluster could lead to a slight dip
BTC price has rejected after forming equivalent highs around $76,000. This is the first time this trend has been tested since January 14. After the rejection, momentum was slowed and price fell to $73,500.
The bullish trend is still intact on the lower-time frame.
The internal liquidity is between $73,000 and $72,000 on the chart for an hour. This zone may be a magnet for bid orders, which may fill before the continuation of a trend.
A heatmap of liquidation provides further context. $1.4 Billion in total long liquidations are clustered at $73,000. This figure increases to $3.5 Billion in risky long positions near $73,500.
A move towards $80,000 exposes $2 billion of leveraged short positions. BTC could retest $72,000-$70,000 before it moves higher, based on the spread between long and short liquidation areas.
Related: Bitcoin shows ‘bull market behavior’ as chart pattern targets $90K
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Source: cointelegraph.com
