TechFlow News: On February 19, on-chain analytics platform Glassnode posted on X stating that since early February, every attempt by Bitcoin to reclaim the $70,000 threshold has been followed by a price decline due to exhausted demand. Data shows that even a net realized profit outflow of just over $5 million per hour is sufficient to trigger a price correction. In contrast, during the market’s euphoric phase in Q3 2025, profit-taking surged to $200–350 million per hour, yet prices still maintained an upward trend—indicating significantly stronger buying pressure at that time. Glassnode noted that the current market operates within a structurally thin-liquidity environment, posing substantial challenges for Bitcoin’s sustained recovery into the $70,000–$80,000 range, and suggesting that any rebound may be more volatile and protracted.
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