Sell-Off Alert: Bitcoin Buyers and Bagholders Dump Assets During Rebound Below $70,000

The cryptocurrency market is facing intense selling pressure as Bitcoin struggles to maintain momentum near key psychological levels. Recent data reveals that both long-term holders and recent buyers are aggressively selling into the price rebound, attempting to exit positions before the asset hits the critical $70,000 resistance zone.
This liquidation wave interrupted the bullish trend after Bitcoin briefly crossed the $65,000 mark. The current market dynamics highlight a tug-of-war between recovery attempts and the heavy selling pressure from bagholders, which could dictate whether Bitcoin finds support or continues its downward volatility.
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