Bitcoin's $70,000 Crisis: Even a Small $5 Million Sale Is Enough to Cause Collapse.
Bitcoin (BTC), the leader of the cryptocurrency market, continues to worry investors with its recent price movements. Every attempt to break above the $70,000 mark since the beginning of February has been met with a loss of buying interest. Data indicates that the current market structure has not yet reached sufficient strength for a sustained upward trend.
On-chain data shared by Glassnode reveals that market liquidity is extremely weak. Even hourly profit-taking exceeding $5 million is enough to reject the price. This contrasts sharply with the enthusiastic period seen in the third quarter of 2025, when hourly profit-taking reached levels of $200 million to $350 million.
Why is $70,000 Critical for Bitcoin?
The shared charts clearly show that the Bitcoin price has fallen from the $95,000 level to the $65,000 range. The net losses incurred, particularly at the end of January and beginning of February, indicate that investors resorted to panic selling. The density of red areas in the chart proves how deep the selling pressure on the market is.
The current thin liquidity regime structurally makes it difficult for Bitcoin to enter the $70,000-$80,000 range. Instead of the high-volume profit-taking seen in past bull periods, even the smallest gains are currently being cashed out, hindering the uptrend. Experts emphasize that for the market to regain strength, this selling pressure needs to decrease and liquidity needs to increase.
