Exchange flows rise as Bitcoin faces $76K headwinds

Bitcoin’s push toward $76,000 faces significant headwinds that could slow or halt its rise, according to a recent report.

The leading cryptocurrency is currently trading at around $74,370, up 0.4% over the past 24 hours, after rising towards the $76,000 mark on Wednesday, according to CoinGecko data.

Every hour Bitcoin Exchange flows rose to nearly 11,000 bitcoin as the leading cryptocurrency approached the $76,000 mark, according to CryptoQuant. a report Published Wednesday. This represents the highest level since late December 2025 and exceeds the March 2026 high of 9,000 BTC, which preceded a short-term price correction.

CryptoQuant analysts noted that the timing of the rally — which specifically coincides with Bitcoin attempting to retest $76,000 — suggests that holders are responding to higher prices by setting distribution positions.

The $76,800 level represents the realized price for on-chain traders, a key bear market resistance that has historically limited relief rallies. In January 2026, this range capped Bitcoin’s bull run, resulting in a 35% decline.

A closer look at the inflow data reveals that the average Bitcoin exchange deposit rose to 2.25 BTC, the highest daily reading since July 2024, driven by large individual deposits on Binance that exceeded 1,000 BTC.

“The increase in the average deposit size confirms that the rise in inflows is driven by large holders – a retail-driven increase would reduce the average deposit size, not raise it,” the report noted.

The same pattern was seen in January 2026, where average deposits peaked at nearly 2 BTC before BTC’s double-digit decline.

These metrics, coupled with large deposits growing from less than 10% to more than 40% of total exchange flows within days, indicate rising selling pressure in the near term.

Selling mounting pressure

While Bitcoin’s rise from around $64,000 to over $75,000 has been impressive, on-chain data shows an increase in selling pressure. The speed of this shift indicates urgency among major shareholders for distribution as prices test the $76,000 area.

Another downside includes the possibility of unending and escalating geopolitical tensions and inflation fears, analysts say previously He said Decryption.

Users in the prediction market Countlessowned by Decryption Parent company Dastan appoints A 65% chance The price of oil would reach $120 per barrel instead of falling to $55. Uncertainty, as noted above, has paused but not been completely resolved, keeping investors on their toes despite the recent relief surge.

If the bearish outlook emerges, on-chain data reveals $67,600 as the next major support level, which is the lower range of the realized price for on-chain traders.

Countless users remain optimistic about Bitcoin’s prospects, which sets a limit 66% chance In its next move, the amount reaches $84,000 instead of $55,000 — up from 48% a week ago. In the near term, traders expect it to settle above $74,000, setting up a zone 56% chance On this result.