PANews February 20 News, on the X platform, on-chain data analysis platform glassnode stated that since early February, every attempt by Bitcoin to re-establish the $70,000 level has been met with demand exhaustion, leading to further declines. Data shows that even a net realized profit outflow of just over $5 million per hour is enough to trigger a price pullback. In comparison, during the euphoric market phase in Q3 2025, profit-taking peaked at $200 million to $350 million per hour, yet prices still maintained an upward trend, indicating significantly stronger buying support at that time. glassnode pointed out that the current market is in a structurally liquidity-tight environment, making it more challenging for Bitcoin to continuously recover the $70,000 to $80,000 range, and the rebound process may be more turbulent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Nakamoto sells $20 million worth of Bitcoin, takes a big loss
Nakamoto Inc. sold $20 million worth of Bitcoin in March at a loss, facing a $166.2 million asset impairment in 2025. Despite holding 1,625 BTC, the company reported a net loss of $52.2 million, raising doubts about its accumulation strategy's effectiveness. The firm is restructuring to refocus on core businesses after recent acquisitions, while its stock price continues to decline amidst market skepticism.
TapChiBitcoin2m ago
A U.S. senator introduces the “U.S. Mining Act,” pushing for Bitcoin mining to move back home and establishing a strategic reserve
U.S. Senators Bill Cassidy and Cynthia Lummis introduced the “American Mining Act,” aiming to bring Bitcoin mining back to the United States, establish an “American Mining” certification program, strengthen the mining industry’s infrastructure, promote domestic manufacturing of green mining hardware, and incorporate strategic Bitcoin reserves into the legal framework. This marks an important shift in the United States’ digital asset strategy and is expected to spur domestic investment and technological innovation.
GateNews6m ago
