PANews February 20 News, on the X platform, on-chain data analysis platform glassnode stated that since early February, every attempt by Bitcoin to re-establish the $70,000 level has been met with demand exhaustion, leading to further declines. Data shows that even a net realized profit outflow of just over $5 million per hour is enough to trigger a price pullback. In comparison, during the euphoric market phase in Q3 2025, profit-taking peaked at $200 million to $350 million per hour, yet prices still maintained an upward trend, indicating significantly stronger buying support at that time. glassnode pointed out that the current market is in a structurally liquidity-tight environment, making it more challenging for Bitcoin to continuously recover the $70,000 to $80,000 range, and the rebound process may be more turbulent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Treasury Companies Have Gone Quiet – Except One
As the bear market stretches out, institutions that aggressively bought bitcoin (BTC) while the bulls dominated have gone quiet, except one: Michael Saylor’s business intelligence firm, Strategy.
A report from CryptoQuant says Strategy is now the sole driver of Bitcoin treasury demand, leading to a
CryptoPotato13m ago
From Bitcoin Miners to Payment Layers: Why Infrastructure Conversations Are Turning to Bitcoin Everlight
It’s no secret that bitcoin’s infrastructure has historically been centered around miners, full nodes, and base-layer settlement. This model has managed to prove itself as very durable. At the same time, though, when it comes to transactional throughput, there are some clear constraints. As the
CryptoPotato21m ago
Why Is Crypto Crashing? Bitcoin Everlight’s Resilience Offers Market Insights
The most recent crash in the crypto market has undoubtedly been driven by an external shock rather than a protocol failure of any kind. The escalating conflict in the Middle East, a hawkish Federal Reserve, and prolonged economic disruption in the US are amongst the leading reasons for a broad
CryptoPotato46m ago
Price predictions 3/27: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Key points:
Bitcoin’s fall below the $66,000 support heightens the risk of a drop to the $62,500 level.
Select major altcoins have broken below their immediate support levels, opening the gates for further downside.
Bitcoin (BTC) is under pressure from the bears, who are
Cointelegraph51m ago
