Bitcoin hit by $20 million-an-hour selling pressure above $70,000
CoinDesk·2h ago·Neutral
What Happened
Bitcoin struggled to sustain gains above $70,000 as traders realized profits. Analytics firm Glassnode reported over $20 million in BTC sold hourly near this price level. The $70,000–$80,000 range has acted as a distribution zone since February. Bitcoin briefly touched $74,000 Saturday before falling below $71,000. Geopolitical tensions affecting oil prices and stock futures also weighed on the market.
Key Entities
BitcoinGlassnode$70,000$20 million hourly sellingU.S. and Iran peace talksOil prices