Glassnode Indicates Bitcoin Remains Vulnerable to Downside Risk Due to Heavy Selling Pressure Near $70K

Bitcoin has recently struggled to break past the $70,000 mark, as renewed profit-taking has limited further advances, reports Glassnode. The analytics company notes that each rally attempt since early February encounters a drop in buying interest around this price level. Limited market liquidity combined with consistent profit realization have continuously prevented a lasting upward movement.