Bitcoin traders cash out 63,000 BTC profit as price rallies above $76,000: will the market rebound?

Bitcoin’s rally stalled above $76,000 on Tuesday as short-term profit-taking by traders hit its highest level in 2026. The pullback coincided with continued accumulation by long-term holders, and the interaction between these two groups could continue to affect Bitcoin’s efforts to break into the $80,000 range.

Bitcoin profit-taking meets whale demand

New Bitcoin short-term holders shifted their positions after BTC in profit sent to exchanges reached 63,000 BTC on April 14, the highest level in 2026 since the 44,800 spike on Jan. 14.

On-chain data indicated that the one-day-to-one-week cohort moved nearly 2,000 BTC back to Binance during the same period. This suggested that freshly acquired coins were rotating into sell-side liquidity as BTC traded near $76,000.

Crypto analyst Amr Taha described the move as the first clear wave of profit-taking following the retest of the monthly highs. He said the activity aligns with cautious distribution, where newer participants aim to secure gains at key resistance levels during a bear market, indicating a natural cooling phase in momentum.

In contrast, whale activity showed a different pattern. Market analyst CW cited a single-day inflow of over 71,000 BTC into accumulation addresses, the largest bullish inflow since early 2022. The large holders appeared to be absorbing available supply from short-term sellers.

Taken together, the flows suggest a transfer of coins from weaker hands to stronger ones, which may help stabilize price while limiting an immediate rally.

Liquidity cluster may lead to a small dip

After forming equal highs near $76,000, Bitcoin rejected near the 100-day exponential moving average (EMA), marking the first test of that trend level since Jan. 14. Momentum slowed after the rejection, and the price slipped to $73,500.

On the lower time frame, however, the bullish trend remained intact. On the one-hour chart, internal liquidity levels were resting around $73,000 and $72,000, zones that may attract bid orders before any trend continuation.

Liquidation levels highlight key zones

The liquidation heatmap showed $1.4 billion in cumulative long liquidations clustered around $73,000. That figure rose to $3.5 billion for long positions at risk near $70,500.

On the short side, a move toward $80,000 would expose $2 billion in leveraged short positions. The gap between the long and short liquidation zones suggests Bitcoin may retest the $72,000 to $70,000 range before moving higher.