Bitcoin is testing a level that capped its rally in January, CryptoQuant says

Bitcoin is testing a level that capped its rally in January, CryptoQuant says

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin is testing a level that capped its rally in January, CryptoQuant saysMacro-driven ETF inflows have lifted prices, but CryptoQuant data signals large holders are positioning to sell near a key breakeven zoneBy Sam Reynolds|Edited by Shaurya Malwa Apr 16, 2026, 7:07 a.m. Make preferred on What to know: Bitcoin’s climb toward the mid-$70,000s is being powered by steady institutional and macro-driven ETF inflows rather than a surge in retail speculation.As prices near about $76,800, on-chain data show a sharp increase in exchange deposits from larger holders, suggesting many are selling at or near their breakeven levels.This creates a late-cycle "handoff" in which long-term holders distribute coins into ETF demand, leaving bitcoin ab

Source: https://www.coindesk.com/markets/2026/04/16/bitcoin-is-testing-a-level-that-capped-its-rally-in-january