Liquidity Weakness Caps
$BTC — 70K–80K Still Heavy Resistance
Since early February, every push above $70K follows the same script:
Rally → buyers step in → momentum fades → supply absorbs.
Even with realized profit holding above ~$5M/hour, price can’t sustain expansion.
That signals opportunistic participation — not conviction.
Short-term flows are active. Long-term capital is cautious.
Contrast that with Q3 2025:
Realized profits were $200–350M/hour. Liquidity was deep.
Sell pressure was absorbed fast. Structure stayed bullish.
Today’s environment:
• Thin order books
• Limited fresh inflows
•