Bitcoin Sell Wall Looms at $100K as Holders Rush to Cash In on 40% Rally

Crypto experts point to significant resistance levels as major hurdle for Bitcoin's path to six-figure milestone

  • Bitcoin facing 4,000 BTC sell wall as price hovers near $96,000.
  • Exchange inflows reached $230 million in a single day.
  • Bitcoin Price up 40% from previous month despite selling pressure.
  • Institutional ETF interest remains strong with $676 million daily inflow.
  • Alternative cryptocurrencies continue upward momentum despite market pressure.

Bitcoin faces significant selling pressure as holders prepare to capitalize on recent gains, with a substantial sell wall emerging as the cryptocurrency trades near all-time highs.

- Advertisement -

Market Pressure Builds

According to BRN analysis, a sell wall exceeding 4,000 BTC has formed in spot markets. BRN analyst Valentin Fournier notes: “The Bitcoin spot sell wall currently exceeds 4,000 BTC and shows no signs of diminishing, as Bitcoin’s price remains relatively stagnant this week.”

Current market data shows Bitcoin trading at $96,000, recovering from an earlier decline from $97,000. Daily trading volume has reached $85 billion, according to CoinGecko statistics.

Exchange Flow Dynamics

Analytics platform IntotheBlock reports a significant shift in exchange flows, with Tuesday recording $230 million in Bitcoin transfers to exchange wallets. This represents a reversal from previous net outflows, suggesting increased selling intent among holders.

Institutional Momentum

Despite retail selling pressure, institutional interest remains robust:

  • Spot Bitcoin ETFs added $676 million in latest session
  • ETF holdings approaching parity with Satoshi Nakamoto’s estimated holdings
  • 40% month-over-month price appreciation maintained

Alternative Cryptocurrency Performance

The broader cryptocurrency market shows strength despite Bitcoin’s selling pressure:

  • tron reached new all-time high prices on Tuesday
  • XRP achieved seven-year price peak on Monday
  • Institution-driven market expansion continues

Fournier maintains an optimistic outlook:

- Advertisement -

“As Bitcoin and Ethereum continue to build strong support at these elevated levels, the broader crypto market is expanding, led by the impressive performance of altcoins. We anticipate that Bitcoin will benefit from sustained institutional inflows and could attempt a breakout in the coming week.”

✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Retail Investors Can Now Buy Tokenized Shares of SpaceX via Blockchain

Retail investors can now buy blockchain-based fractional shares in SpaceX through Republic. These digital tokens...

EU Commission Eases Stablecoin Stance, Calms Bank Run Concerns

The European Commission downplayed the risk of bank runs linked to stablecoins after concerns...

Iranian Hackers Launch AI-Driven Phishing Attacks on Israelis

An Iranian state-backed Hacking group targeted Israeli journalists, Cybersecurity professionals, and academics in a...

Nasdaq Integrates Canton Blockchain for 24/7 Collateral Management

Nasdaq has integrated blockchain technology from the Canton Network into its Calypso platform to...

Must Read

8 Best Crypto Debit Cards For Spending Your Digital Tokens

What are | How we chose | Best crypto debit cards | Binance Card? | FAQ | Final WordsCrypto debit cards have transformed how...