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News Explorer — Bitcoin Faces Profit-Taking Pressure, With $20 Million Worth of BTC Being Sold Per Hour

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Apr 13, 8:12 am
Coindesk

Bitcoin Faces Profit-Taking Pressure, With $20 Million Worth of BTC Being Sold Per Hour

Glassnode reports that the Bitcoin market is experiencing significant profit-taking, with over $20 million worth of BTC being sold per hour. The $70,000–$80,000 range is identified as a persistent distribution zone rather than a battleground of conviction, as rallies above $70,000 are met with immediate supply.

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