Bitcoin Compression Meets Insider Selling and Macro Pressure
Bitcoin is tightly coiling near $66,600, a setup that typically precedes a sharp expansion in volatility.
Macro signals are deteriorating. U.S. housing sales posted their weakest drop since 2022, while commodity markets saw aggressive selling, highlighting liquidity stress across assets.
Adding to caution, Coinbase CEO Brian Armstrong has sold approximately $550M in shares, a level of insider distribution that often precedes heightened market sensitivity.
Despite these pressures, Bitcoin continues to absorb sell-side flow, keeping price range-bound for now.
Outlook: Neutral. Volatility is likely, direction awaits confirmation.