Bitcoin Selling Pressure Deepens as $75K Support Weakens

Only 30% of invested Bitcoin capital remains profitable, while approximately $756 billion is underwater, according to Darkfost. Spot net volume delta turned negative on Binance (-28million)and Coinbase(-9.4 million), indicating stronger selling pressure. Glassnode reports rising open interest and renewed long positioning, while Bitcoin’s 30-session correlation with the S&P 500 reaches 0.80. Bitcoin faces renewed downside pressure as spot selling overtakes buying on Binance and Coinbase, weakening support around $75,000. Analyst Darkfost identified $70,000 as the next potential support, while Glassnode reported rising leverage and renewed long positioning. Meanwhile, Bitcoin's 30-session correlation with the S&P 500 has climbed to 0.80.

Source: Crypto Front News