CryptoSlate

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

July 17, 202606:01 AM
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.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at CryptoSlate
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

Xi Jinping Pushes Inclusive AI at China's Tech Summit—Crypto Completely Ignored
Crypto Briefing

Xi Jinping Pushes Inclusive AI at China's Tech Summit—Crypto Completely Ignored

At the World Artificial Intelligence Conference in Shanghai, President Xi Jinping championed the cause of inclusive AI development. This high-level strategic push underscores China's ambition to dominate the global AI landscape, yet the agenda remained conspicuously silent on the integration of blockchain technology.

For crypto investors, this omission is a significant signal regarding China's current technological roadmap. The total absence of crypto-related discussions suggests that while the nation accelerates its AI capabilities, the decentralized finance sector remains outside the immediate scope of Beijing's state-led innovation agenda.
Wall Street Moves In: Crypto.com Hits $20B Valuation Following $400M Citadel Securities Deal
Decrypt★ Featured

Wall Street Moves In: Crypto.com Hits $20B Valuation Following $400M Citadel Securities Deal

Crypto.com has surged to a massive $20 billion valuation following a landmark $400 million investment from Citadel Securities. This strategic injection of capital marks a pivotal moment for the exchange, establishing it as a primary target for institutional liquidity.

As the company's first major institutional funding round, this deal underscores Wall Street's intensifying push into the crypto space. The involvement of a powerhouse like Citadel Securities provides significant validation for the digital asset market, signaling a new era of mainstream financial integration.
Binance Dominates Yield Market with New BTC and BNB Infrastructure
Blockchain.news★ Featured

Binance Dominates Yield Market with New BTC and BNB Infrastructure

Binance is aggressively expanding its yield infrastructure by integrating structured BTC yield, staking, and BNB rewards into a single, unified ecosystem. This strategic move solidifies the exchange's dominance as a premier crypto yield hub, providing institutional-grade tools for retail and professional investors alike.

By streamlining these financial products, Binance is addressing the growing demand for sophisticated yield-generating assets within the blockchain space. The integration of BNB rewards and Bitcoin-based products is expected to drive massive liquidity and increase the utility of the BNB token while setting a new benchmark for crypto asset management.
Bitcoin Bottom Countdown: BTC Supply in Loss Hits 50% Milestone
CoinTelegraph★ Featured

Bitcoin Bottom Countdown: BTC Supply in Loss Hits 50% Milestone

The Bitcoin market is approaching a decisive turning point. On-chain data indicates that the BTC supply in loss crossed the 50% threshold nearly 50 days ago, mimicking the historical countdown pattern that typically precedes Bitcoin price bottoms after a bear market.

This metric serves as a powerful signal for investors tracking market cycles. As the supply in loss stabilizes, it suggests that the period of maximum capitulation may be concluding, setting the stage for a potential trend reversal and the next phase of Bitcoin accumulation.
Crackdown Alert: Government Unveils Plan to Suffocate Organized Crime via Crypto
Livecoins★ Featured

Crackdown Alert: Government Unveils Plan to Suffocate Organized Crime via Crypto

The Brazilian Ministry of Justice and Public Security (MJSP) has launched a high-stakes offensive against organized crime through the newly established ordinance 1.258/2026. This strategic initiative is specifically designed to choke the financial lifelines of criminal factions by targeting the illicit use of cryptocurrencies and digital assets.

By focusing on the intersection of finance and crime, the government aims to dismantle the money laundering capabilities of major syndicates. Under the leadership of Minister Wellington César Lima e Silva, this crackdown represents a significant escalation in the fight to monitor and intercept criminal flows within the crypto market.
2026 World Cup: The $10.9 Billion Power Play Where Crypto Takes Center Stage
Crypto Briefing★ Featured

2026 World Cup: The $10.9 Billion Power Play Where Crypto Takes Center Stage

The 2026 World Cup is shaping up to be a massive financial battlefield, with projected revenues soaring toward a staggering $10.9 billion. In a landmark move for mainstream adoption, Kraken has secured its position as the first official crypto exchange sponsor, signaling a new era for digital assets in global sports.

However, the economic landscape remains complex as US host cities brace for an estimated $250 million in costs. As the crypto industry claims its seat at the table, the tension between massive sponsorship revenue and heavy municipal spending highlights the high stakes of this global event.
Jornal Bitcoin Logo