Bitcoin Short-Term Holders Dump 48K BTC In Profit As Price Tests $75K: Warning of 10% Correction Ahead

Bitcoin faces a critical test at $75,000 as short-term holders dump 48,000 BTC for profit, sparking warnings of a potential 10% price correction. A CryptoQuant report reveals fragile confidence among traders who are treating the rally as an exit opportunity rather than a long-term commitment, signaling underlying weakness despite the bullish momentum.

Profit-Taking Pressure Builds as Bitcoin Tests $75K

According to CryptoQuant analyst Darkfost, recent on-chain data shows a clear resurgence in profit-taking activity among short-term holders as Bitcoin approaches key resistance levels. The report highlights that the amount of BTC in profit sent to exchanges has reached a yearly high, coinciding with Bitcoin’s attempt to break above the $75,000 level.

In a single day, more than 48,000 BTC in profit were transferred to exchanges by short-term holders, signaling a strong willingness among these participants to realize gains rather than hold through potential volatility. This behavior suggests that a significant portion of the market remains focused on short-term opportunities, even as broader conditions begin to improve.

Structurally, this trend reinforces the idea that each upward move is still being treated as an exit opportunity by short-term investors. Instead of supporting sustained upside, these participants are actively supplying liquidity into rallies, creating friction at key resistance zones.

This dynamic introduces a layer of complexity to Bitcoin’s current price action. While demand is clearly returning, persistent sell-side pressure from profit-taking can slow momentum and delay breakouts.

For now, the market appears to be balancing between renewed buying interest and opportunistic selling, with the behavior of short-term holders likely to play a critical role in determining whether Bitcoin can establish a sustained move above resistance.

Bitcoin Tests Key Resistance After Recovering From February Selloff

The daily Bitcoin chart shows the asset continuing its recovery after the sharp selloff that took place in early February. BTC is currently trading around $74,100, having rebounded from lows near the $60,000–$62,000 region, where a clear spike in volume signaled capitulation and strong buyer absorption.

Following that low, Bitcoin established a consolidation base between $65,000 and $70,000, gradually building momentum before pushing higher into the current resistance zone. The recent move has allowed BTC to reclaim the short-term moving average, which had previously acted as dynamic resistance throughout the downtrend, indicating that short-term momentum is now shifting in favor of buyers.

However, the broader structure remains cautious. Price is still trading below the 100-day and 200-day moving averages, both of which continue to slope downward. This suggests that, despite the recovery, Bitcoin remains within a larger corrective phase.

The $74,000–$76,000 region is now acting as a critical resistance area. This zone aligns with previous support that broke during the February decline, making it a likely area of supply and profit-taking pressure.

A confirmed breakout above this range could open the path toward $80,000 and $85,000, while rejection may lead to renewed consolidation below resistance.

Featured image from ChatGPT, chart from TradingView.com