Bitcoin Hits a $100 Million Sell Wall as New Buyers Take Profit
Bitcoin dropped to $91,000 after encountering a $100 million sell wall near $95,000, as recent buyers took short-term profits.Summary
Bitcoin retreated to the $91,000 zone after failing to break the $94,000–$95,000 resistance level, which was defended by nearly $100 million in sell orders across major exchanges. This concentration of liquidity capped the rally and triggered short-term profit-taking, particularly by new buyers who entered the market in early 2025 and were booking small gains. Despite this pullback, underlying demand indicators remain constructive. On-chain data shows the Bitcoin-to-stablecoin reserve ratio on Binance is rising, signaling sidelined liquidity preparing to enter the market. Furthermore, institutional demand remains strong, evidenced by significant net inflows into Spot Bitcoin ETFs. The current price action reflects short-term traders reacting to technical levels rather than a fundamental shift in sentiment, suggesting consolidation is more likely than a sharp reversal until the $95,000 ceiling is cleared.
(Source：BeInCrypto)