Bitcoin hit by $20 million-an-hour selling pressure above $70,000

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin hit by $20 million-an-hour selling pressure above $70,000 Bitcoin has once again seen heavy profit-taking above $70,000, according to Glassnode. By Omkar Godbole | Edited by Jamie Crawley Apr 13, 2026, 8:12 a.m. Make preferred on Bitcoin hit by $20 million in profit taking. (Austin Distel/Unsplash) What to know : Bitcoin has once again seen heavy profit-taking above $70,000, with over $20 million in BTC sold per hour, capping the upside. The $70K–$80K zone has been acting as a distribution range since February, with gains quickly sold into and momentum fading. Prices briefly touched nearly $74,000 on Saturday before slipping back below $71,000 as the breakdown in Islamabad peace talks between the U.S. and Iran pushed oil higher and weighed on U.S. stock futures. The bitcoin BTC $ 70,803.44 market has faced familiar problem since prices rose above $70,000 last week: a sharp rise in profit-taking. More than $20 million worth of BTC has been sold per hour in profit realization, according to blockchain analytics firm Glassnode. "Every approach to the $70k–$ 80k band faces thin liquidity and profit-taking pressure, capping the bounce. Another bounce to >$70k range was exhausted by >$20M/Hour profit realization," Glassnode said on X . The message is clear: the $70,000–$80,000 band is less a battleground of conviction and more a persistent distribution zone, as has been observed since February . In other words, rallies above $70,000 are consistently turning into liquidity events. Instead of buyers chasing momentum higher, holders are using strength as an exit window and the result is a market where every uptick is met with an immediate counterweight of supply. Bitcoin is struggling to build momentum above $70,000. Prices briefly touched nearly $74,000 on Saturday before slipping back below $71,000 at the time of writing, as the breakdown in Islamabad peace talks between the U.S. and Iran pushed oil higher and weighed on U.S. stock futures. Until that $20 million-per-hour pressure eases, bitcoin’s ceiling isn’t technical, but behavioral. Bitcoin News More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Alameda moves $16 million in Solana's SOL token for possible creditor distribution By Omkar Godbole | Edited by Sam Reynolds 1 hour ago Alameda unstakes $16 million worth of Solana's SOL token, according to Arkham. What to know : Alameda unstakes $16 million worth of Solana's SOL token, according to Arkham. The firm did the same about a month ago, moving funds to an address used for credit reimbursements. Read full story Latest Crypto News Attacker mints $1 billion Polkadot tokens on Ethereum, ends up stealing just $250,000 59 minutes ago Alameda moves $16 million in Solana's SOL token for possible creditor distribution 1 hour ago Aave passes landmark vote ending months-long fight over protocol revenue control 1 hour ago WLFI threatens legal action against Justin Sun after he accuses Trump-linked project of deceptive DeFi deals 2 hours ago Bitcoin hits a wall – the chart just challenged the $88,000 bull case 2 hours ago Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends 3 hours ago Top Stories Super PAC tied to Tether makes first ad buy from firm founded by Tether's U.S. CEO 19 hours ago CFTC Chair Mike Selig argues for agency's 'exclusive regulatory authority' in prediction markets fight: State of Crypto 14 hours ago Market makers are fleeing public blockchains to protect their secret trading playbooks 18 hours ago Bitcoin analysts flag triggers for a massive surge to $88,000 even as war risks linger 18 hours ago Trump token sees whale accumulation ahead of Mar-a-Lago gala; senators raise questions over event 21 hours ago Federal judge blocks Arizona from bringing criminal charges against Kalshi Apr 10, 2026 In this article BTC BTC $ 70,803.44 ◢ 1.25 %