Svmuu News CryptoQuant indicates that Bitcoin's recent rally is facing increasing risks of selling pressure, with on-chain data showing a significant rise in funds flowing into exchanges.
Bitcoin previously broke through $76,000 but faced downward pressure and retreated when approaching the key resistance zone around $76,800. This level corresponds to the "on-chain realized price" range, which has historically often acted as a top for rallies, as many investors whose holdings are nearing breakeven tend to sell.
Data shows that the hourly inflow of Bitcoin into exchanges has risen to approximately 11,000 BTC, the highest level since late 2025, which is typically viewed as a potential signal of selling pressure. Simultaneously, the scale of transfers into exchanges by large holders (whales) is also expanding.
Analysis suggests that if this resistance level remains effective, Bitcoin may face short-term correction pressure, with a key support level around $67,600.