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Bitcoin Stalls Below $76K as ETF Demand Meets Sell Signals

On‑chain data points to heavy profit‑taking near $76,800.

Overview

  • Bitcoin, which slipped back from $75,000 to the low $74,000s on Thursday, is pressing a $74,000–$76,000 resistance zone that Glassnode says gives way only with a break above $78,100.
  • CryptoQuant reports hourly exchange inflows near 11,000 BTC and a jump in average deposits to 2.25 BTC, showing large holders moving coins to sell as price nears the $76,800 breakeven band.
  • U.S. spot Bitcoin ETFs continue to pull in money, with about $597.5 million over two sessions and $186 million on Wednesday, while Morgan Stanley’s low‑fee MSBT has gathered more than $100 million.
  • A weaker U.S. dollar and reported progress in U.S.–Iran ceasefire talks have helped lift risk appetite this week, supporting Bitcoin near $74,000–$75,000.
  • Ethereum trades around $2,300, faces repeated resistance at $2,360–$2,400, and has $2,312 flagged as critical support that, if lost, could point toward roughly $2,173.