BTC Holds $78,000 Support Amid Selling Pressure, No Market Collapse Signal

Glassnode has analyzed that BTC is holding a consolidation range near the $78,000 level after a weekly decline of approximately 1%. While spot and perpetual futures selling pressures, along with ETF fund outflows, have weighed on the price, capital inflows continue and profitability remains at high levels. This suggests the market is absorbing selling pressure without showing signs of trend breakdown.