Bitcoin fell below 70 thousand and 3 warning signs shook the market

After a flash bounce, Bitcoin slips back below $70,000, rekindling doubts about the strength of the recent bull run. Capital flows, trader activity and several market indicators signal a clear shift: selling pressure is again prevailing. In the short term, three main factors are reshaping the balance behind this retreat.

Massive Bitcoin profit-taking interrupts momentum

Bitcoin has once again lost ground and is falling below the line that the market is watching closely. In two days, the asset fell 5%, falling back below $70,000 and re-entering its monthly trading zone. This break comes after an attempt to hold recent highs that failed to withstand a return of selling pressure.

On-chain data shows that the movement is largely explained by short-term arbitrage. Position investors took advantage of the rebound to lock in their profits, which caused an influx of sell orders on the exchanges and supported the decline in prices.

• This is suggested by the Darkfost analyst “more than 27,000 BTC of profits were transferred to exchanges from short-term investors’ wallets in the last 24 hours” ;

• This volume is among the largest profit transfers seen for short holders since November 2025;

• Held profits mostly came from positions opened one week to one month earlier;

• The realized price for these investors was around $68,000, which is a consistent pay-out zone.

Confirmed selling pressure and technical signals under surveillance

Derivatives markets confirm this dominance of sellers. IT Tech analyst observes “Both spot markets and perpetual futures contracts moved into negative momentum on the Cumulative Volume Delta (CVD) indicator”.

This indicator measures the difference between buying and selling volumes; a move into negative territory indicates dominant selling pressure. In detail, spot CVD fell to -$202.49 million, while perpetual CVD contracts retreated to -$185.60 million. In the same period, the liquidity of the purchase decreased, which limited the ability of the market to absorb sell orders.

US demand is also showing signs of fatigue around recent highs. The Coinbase Premium Index, which measures the price difference of Bitcoin between Coinbase and offshore platforms, has lost ground and is nearing $74,000.

The indicator briefly crossed 0.08, signaling strong buying activity on Coinbase, before reversing as the price corrected. Meanwhile, Michaël van de Poppe, founder of MN Capital, noted this “Friday’s US sessions led to massive selling in all risk assets, including the Nasdaq”an unfavorable context that also weighs on cryptocurrencies.

Technically, several zones now focus the attention of operators. Michaël van de Poppe estimates that holding Bitcoin in the $67,000-$68,000 range could stabilize the short-term trend ahead of a bullish recovery.

Trader Titan of Crypto mentions the presence of a “fair value gap”a zone of low liquidity created by rapid price movement is likely to attract new trades. It specifies that the bottom of this zone is near $66,500, a level monitored as a possible market equilibrium point.

These technical reference points, combined with capital flows and demand signals, outline the market in an adjustment phase, where Bitcoin’s ability to defend its immediate support will guide the next steps of the movement.

Under pressure after a wave of profit-taking and adverse market signals, the crypto market is entering an adjustment phase. In the short term, the ability of buyers to resist support will be decisive. In this volatile environment, the price of Bitcoin remains closely tied to capital flows, liquidity and investor sentiment.

DISCLAIMER OF LIABILITY

The views, thoughts and opinions expressed in this article are solely those of the author and should not be taken as investment advice. Before making any investment decision, do your own research.