Bitcoin Rally Hits Near-Term Selling Pressure As Exchange Inflows Spike To 11,000 BTC

Bitcoin’s rally above $76,000 on Tuesday is colliding with on-chain signals that CryptoQuant says point to “near-term selling pressure,” as holders move coins toward exchanges ahead of potential distribution at resistance zones.

“CryptoQuant is warning that bitcoin’s recent rally is running into growing headwinds, with multiple onchain indicators pointing toward rising selling pressure”

Bitbo

Cointelegraph reports that “hourly inflows spiking to 11,000 BTC” marked the highest since December, and it ties the surge to a CryptoQuant warning that exchange deposits are “a historically reliable warning signal of near-term selling pressure.”

Bitbo

Cointelegraph also says the average deposit size increased to 2.25 BTC, described as “the highest since July 2024,” and it notes that Bitcoin briefly touched $76,052 on Coinbase on Tuesday.

CoinMarketCap similarly reports that BTC hit $76,052 on Tuesday and that hourly exchange inflows spiked to 11,000 BTC, calling the move “the highest rate of exchange deposits since December.”

CoinMarketCap adds that CryptoQuant drew a parallel to January, when average deposits peaked at 2 BTC before prices fell from $100,000 to roughly $60,000.

CryptoRank frames the same exchange-flow surge as profit-taking, saying short-term holders deposited 61,000 BTC (~$4.5B) to centralized exchanges during the rally and that the exchange inflow surge “coincided with the BTC rally stalling.”

Across outlets, the common thread is that rising exchange deposits and larger average deposit sizes are being treated as a near-term constraint on upside as traders prepare to sell.

Multiple reports tie the selling-pressure narrative to a specific on-chain level: Bitcoin’s “realized price” near $76,800, which CryptoQuant describes as a ceiling for relief rallies.

Cointelegraph says CryptoQuant warned that as Bitcoin nears its $76,800 realized price, it will act “as a ceiling for relief rallies,” and it adds that traders nearing breakeven will be “incentivized to sell, capping further upside.”

bloomingbit

CoinMarketCap echoes the same framing, stating that “The $76,800 level represents Bitcoin's realized price” and that traders approaching breakeven are “likely to sell, the firm said, capping potential upside.”

CoinDesk goes further by describing the level as a test of the same band that “capped its rally in January,” saying CryptoQuant data shows larger holders are positioning to sell near a key breakeven zone around $76,800.

CoinDesk also says the realized price is “effectively the average entry point” for traders who accumulated during the last drawdown, and it warns that in weaker regimes the level “has often acted as resistance.”

Cointelegraph adds that the January dynamic involved prices reversing after hitting the realized price at the time, and it says “the same dynamic may repeat if selling pressure builds from current levels.”

For downside planning, Cointelegraph and Bitbo both identify a lower support band near $67,600, with Bitbo quoting CryptoQuant’s head of research Julio Moreno that “the lower band near $67,600 now acts as the primary near-term support.”

The reports also focus on which holders are driving the exchange inflows, pointing to short-term holders and large transfers.

“Bitcoin is testing a level that capped its rally in January, CryptoQuant says Macro-driven ETF inflows have lifted prices, but CryptoQuant data signals large holders are positioning to sell near a key breakeven zone What to know: - Bitcoin’s climb toward the mid-$70,000s is being powered by steady institutional and macro-driven ETF inflows rather than a surge in retail speculation”

CoinDesk

CryptoRank says short-term holders (STHs) “bought within 155 days” deposited 61,000 BTC (~$4.5B) to centralized exchanges during the rally, and it describes the cohort as “reactive to volatility.”

CryptoRank attributes the interpretation to CryptoQuant community analyst Maartunn, saying Maartunn pointed out the activity in an X post and that the “short-term holders” participated in “a notable amount of exchange deposit activity.”

Cointelegraph similarly ties the exchange inflow surge to investors moving coins into a position for sale, describing it as “holders move their coins into a position for sale.”

Bitbo adds more detail about the composition of deposits, stating that the mean exchange deposit surged to 2.25 BTC and that it was “driven by individual deposits to Binance exceeding 1,000 BTC.”

Bitbo also quotes Julio Moreno that “Large holders driving the inflows” are behind the spike and that “Large deposits accounted for 40% of total inflows to exchanges, up from 10% a few days ago.”

Cryptopolitan frames the same pattern as whale-driven, saying “whales are moving money to exchanges” and that “the average Bitcoin deposit sent to exchanges rose to 2.25 BTC,” while it also claims “The largest transfers came through Binance, where individuals deposited more than 1,000 BTC.”

While the underlying on-chain theme is consistent, the outlets diverge in how they frame the risk and what they foreground.

Cointelegraph emphasizes the mechanics of CryptoQuant’s warning, saying the inflow pattern is “a historically reliable warning signal of near-term selling pressure” and that profit-taking is “still in its early stages” as daily realized profits hover at $500 million, below the $1 billion threshold.

CoinMarketCap

CoinMarketCap similarly stresses the realized-price ceiling and repeats that daily realized profits are “around $500 million,” while also identifying $67,600 as near-term support.

CoinDesk, however, foregrounds the macro and ETF angle, saying the climb toward the mid-$70,000s is “being powered by steady institutional and macro-driven ETF inflows rather than a surge in retail speculation,” and it cites “roughly $240 million in a single session” after geopolitical tensions in the Middle East.

CryptoBriefing shifts from on-chain levels to a prediction-market framing, reporting that the Polymarket contract for Bitcoin reaching $82,000 by April 15 sits at 0% YES and that “Bitcoin’s climb to $76,000 has stalled as CryptoQuant reports near-term selling pressure.”

Cryptopolitan uses a more cautionary tone, describing CryptoQuant’s view that the surge “may be a bull trap as selling spikes,” and it asserts that “Bitcoin is testing a key resistance level where past rallies have lost momentum and reversed.”

Even within the CryptoQuant-derived reporting, Bitbo and Cointelegraph differ slightly in how they quote the support and resistance logic, with Bitbo quoting Julio Moreno’s line about the $67,600 band and Cointelegraph describing the “ceiling for relief rallies” at $76,800.

The sources converge on a near-term decision point: whether Bitcoin can sustain above $76,000 and push toward $76,800 without triggering a larger wave of selling, with daily realized profits acting as a key metric.

“Bitcoin deposits to crypto exchanges surged on Tuesday as it rallied above $76,000, suggesting it is hitting “near-term selling pressure” as investors move their coins into a position for sale, according to CryptoQuant”

Cointelegraph

Cointelegraph says profit-taking is “still in its early stages” and that daily realized profits hover at $500 million, below the $1 billion threshold that has “historically coincided with, or slightly preceded, local price tops.”

Cointelegraph

It adds that daily realized profits could move above the $1 billion mark if Bitcoin rallies above $76,000 or moves toward the $76,800 realized price, which CryptoQuant says could bring “greater selling pressure and increase the likelihood of a stall or reversal.”

Bitbo quotes Julio Moreno saying that if bitcoin sustains above $76,000 or pushes higher toward $76,800, “daily realized profits could accelerate meaningfully toward and above the $1 billion mark,” adding further selling pressure and increasing the probability of a rally stall or reversal.

Cryptopolitan adds a scenario-based risk assessment, saying the increased selling pressure could stop the breakout and trigger a reversal if more holders decide to sell once Bitcoin pushes through the $76,800 resistance zone, and it identifies the next major support level near $67,600 if BTC fails to break above $76,800.

CryptoBriefing provides a market-based counterpoint by reporting that odds of hitting $82,000 by April 15 are at 0% YES while odds of maintaining above $60,000 by April 19 are 99.6% YES, and it frames the $60K floor as the line traders watch.

Across these accounts, the immediate stakes are whether the exchange-deposit-driven selling pressure remains “early” or accelerates toward the $1 billion realized-profit threshold that multiple outlets tie to prior local tops.