Bitcoin ($BTC) is again going through significant price resistance while endeavoring recovery to the $72K-$80K range. In this respect, the continuous profit-taking pressure is notably impacting the price trajectory of Bitcoin. As per the data from Glassnode, each of the approaches to enter this range is resulting in a backlash. Additionally, the shallow liquidity conditions are also contributing to this market outlook, leading to swift sell-offs while the traders are locking in gains.
“… 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.
📉https://t.co/6O3dIqFHeS https://t.co/WT3sJf8nqe pic.twitter.com/GyMbgmYdCY
— glassnode (@glassnode) April 12, 2026
Rising Bitcoin Profit-Taking Pressure Hinders Breakout above $72K
Based on the market data, the consistent profit-taking pressure is hindering the upward price momentum of Bitcoin ($BTC). Specifically, the most recent attempt for a surge above the $70K mark was reportedly exhausted, while realized gains jumped above the $20M per-hour mark. This signifies the wide extent of $BTC investor activity.
The respective dynamic underscores a wider trend marked by short-term holders’ attempts to capitalize on price rallies, whereas the long-term conviction is still being tested by significant volatility in the market. Particularly, the 24-hour moving average of Bitcoin’s realized profit shows a sharp fluctuation from January 12 to April 12. This metric displays the significant correlation between the price movements and the realized profit.
During the given timeframe, the indicator peaked around the $60M when the market was seeing resilient price appreciation. Additionally, with the surge in prices to the $70K range and above, the ratio of realized gains jumped. Along with that, the price consolidation paralleled a pullback in realized profits. This reflects the minimized selling activity as well as a provisional stabilization within the market sentiment.
Recurring Realized Gains Among Short-Term Holders Expose Bitcoin’s Fragility
According to Glassnode, the recurring profit realization spikes present the fragility of price rallies in the present liquidity setting. The market onlookers are of the view that until the deepening of liquidity and decrease in profit-taking, the flagship cryptocurrency may keep struggling for the sustenance of a decisive bull rally above the $70K threshold. Overall, the interplay of price resistance and realized profit surges indicates the delicate balance that is shaping the trajectory of Bitcoin.