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[HOT NEWS] Bitcoin: $20 Million USD Selling Pressure Per Hour at the $70,000 Level – What Does It Indicate?
• Bitcoin continuously faces strong profit-taking pressure every time it surpasses the $70,000 threshold, indicating this is a key psychological and technical resistance zone.
• Glassnode data shows that up to $20 million USD worth of Bitcoin is sold every hour at this price level, reflecting significant profit distribution activity.
• This phenomenon poses a challenge to Bitcoin's next upward momentum and requires investors to be cautious, reassessing their strategies.