CoinWorld News: Bitcoin (BTC) has stalled below $77,000, as short-term traders take profits every time BTC rises above $77,000, increasing selling pressure and limiting BTC’s ability to reach $80,000. Data shows that since April 15, short-term holders have transferred 150,000 BTC to exchanges, with 65,000 BTC, 54,600 BTC, and 39,000 BTC moved on three consecutive days, preventing Bitcoin from breaking through the $80,000 resistance level. At the same time, BTC’s spot trading volume has fallen to the lowest level since September 2023, indicating that investors’ confidence in building spot exposure at current price levels has weakened.

BTC2.64%
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