CryptoQuant stated that selling pressure could increase around $76,000 in Bitcoin (BTC), warning against the risk of a potential decline. Continue Reading: AnalysisCryptoQuant stated that selling pressure could increase around $76,000 in Bitcoin (BTC), warning against the risk of a potential decline. Continue Reading: Analysis

Analysis Company Warns About This Level for Bitcoin (BTC)! “Risk of a Decline is Increasing!”

2026/04/16 19:44
2 min read
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Bitcoin (BTC) surged above $76,000 on news of a possible ceasefire and talks between the US and Iran. It subsequently retreated to around $74,000, with analysts warning of potential short-term selling pressure.

Analysis firm CryptoQuant stated that Bitcoin’s recent rise is facing increased profit-taking risk due to rising exchange inflows and the price previously reaching the $76,000 resistance zone.

A recent report by Julio Moreno, head of research at CryptoQuant, states that Bitcoin’s recent rally is facing increased profit-taking risk, with many on-chain indicators pointing to rising selling pressure.

Moreno specifically stated in the report that the increase in Bitcoin inflows to exchanges is a significant warning signal.

According to the data, hourly inflows have risen to approximately 11,000 BTC, reaching their highest level since December 2025, Moreno stated, adding, “This is generally interpreted as a signal of short-term downward pressure, as investors typically move their assets to exchanges in preparation for selling. Indeed, a short-term price correction occurred in March 2026 with an inflow of 9,000 BTC per hour after the proportion of large deposits rose to 63%.”

The analyst also stated that if selling pressure emerges in Bitcoin from current levels, the same dynamic as in January could be repeated, with the first support level being around $67,600.

The analyst concluded, “If Bitcoin remains above $76,000 or surpasses the on-chain realized price of $76,800, daily realized gains could exceed $1 billion. This could lead to increased selling pressure, increasing the likelihood of a slowdown in the uptrend or a price reversal.”

*This is not investment advice.

Continue Reading: Analysis Company Warns About This Level for Bitcoin (BTC)! “Risk of a Decline is Increasing!”

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