BTC faces resistance between $71K and $81K, says analysis

Bitcoin is facing strong resistance in the $71,000 to $81,000 range due to weakening demand from large-scale investors, according to a CoinDesk report citing on-chain analysis firm CryptoQuant. The firm noted that whale wallets holding between 1,000 and 10,000 BTC have become net sellers, with their holdings decreasing by approximately 188,000 BTC over the past year. Additionally, CryptoQuant pointed to a slowdown in buying from medium-sized investors and a negative Coinbase Premium, which suggests weak spot demand in the U.S. The analysis also found that institutional funds are shifting toward ETFs and futures, reducing direct price support. Should Bitcoin rebound, it is expected to encounter resistance between $71,500 and $81,200.