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txd102023
txd102023
Bitcoin: Price recovers above $73K, but selling pressure remains elevated Bitcoin climbed back above $73,000 after briefly dipping to $72,500, but underlying selling pressure is at its highest level in months. Key points: • Strategy transferred 411 BTC (~$30M) to Coinbase Prime, sparking speculation about potential selling or hedging. • Spot Bitcoin ETFs recently saw some of the largest outflows of 2026. • Despite that, whale wallets accumulated roughly 270,000 BTC (~$23B) over the past month, one of the strongest accumulation periods in years. • Exchange BTC reserves continue to sit near multi-year lows, limiting available supply. Key levels: • Resistance: $73.5K → $76K • Support: $72K • Major downside level: $68K Outlook: The market is caught between institutional profit-taking and aggressive whale accumulation. As long as BTC holds above $72K, the probability of a rebound toward $76K remains intact. A break below $72K could accelerate selling toward $68K. For now, large holders appear to be buying the dip while the broader market remains cautious. 📊🚀

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