On Wednesday, Bitcoin surged alongside stock markets, reaching an 11-week peak as positive macroeconomic sentiment enhanced investor confidence.
The leading cryptocurrency continued its rebound from a low of $73,777 recorded on Sunday, marking the third consecutive day of gains. In the past 24 hours, Bitcoin increased by nearly 4%, hitting an intraday high of $78,444—its highest level since February 3. Other cryptocurrencies also experienced upward movement during this period.
#$BTC whale orderbook update (15m)
Significant selling pressure: 78.0K–80.0K
Largest bid recorded at: 75.7K ($217M+)
Major players are taking positions. 🧐 pic.twitter.com/lCl1ANv4yf
— CoinGlass (@coinglass_com) April 22, 2026
As reported by CoinGlass, the whale orderbook for Bitcoin reveals that major investors are positioning themselves strategically.
The largest bid for Bitcoin was identified at $75,700 with over $217 million in $BTC. Additionally, significant selling pressure is noted within the range of $78,000 to $80,000 according to CoinGlass’s latest update on whale activity.
What Lies Ahead?
The cryptocurrency market has displayed a bullish trend recently; it often disregards negative news while responding positively to favorable developments. In the near term, support around the level of $75,700 is expected to hold firm as many investors have entered positions at this price point.
A decisive move above $80,000 could pave the way for further gains. Since February 27th alone has seen Bitcoin rise more than 15%, and its short-term trajectory will largely depend on broader economic conditions.
If no clear external triggers emerge soon enough for traders focused on low-volatility scenarios may view around $72,000 as a critical support area following $75k; potential resistance could cap any additional gains near the threshold of $80k.
Since late February’s trading sessions have mostly fluctuated between values ranging from approximately $65k up to about$75k—a sideways trend that provided relief after months marked by declines which saw prices plummet nearly forty percent from their recent all-time high exceeding$126k back in October when sharp sell-offs caused widespread downturns across crypto markets.
A promising sign emerged recently with inflows returning into US-listed spot Bitcoin exchange-traded funds (ETFs). These thirteen funds have garnered over$250 million in net inflows just this week alone following last week’s impressive total inflow amounting close to$996 million into these same funds previously!