Bitcoin's climb toward $75,000 is meeting rising sell pressure despite steady institutional demand. Whale accumulation and shrinking exchange reserves are tightening supply dynamics. Key Takeaways: Bitcoin tests $75,000 with $200 million to $450 million daily ETF inflows, but rising sell pressure attempts to cap gains.
Bitcoin is trading around $74.7k, holding near its highest levels since the February breakdown, as the recovery momentum built over the past two weeks continues to develop.
Bitcoin (CRYPTO: BTC) sits in a “no-trade zone” according to BitMEX co-founder Arthur Hayes, who outlines three scenarios that could force the cryptocurrency out of its current range as AI-driven deflation collides with Iran war dynamics. The No-Trade Call Maelstrom did minimal trading in the first quarter apart from slowly increasing its long position in Hyperliquid, Hayes said.