{"id":26276,"date":"2026-04-19T15:48:57","date_gmt":"2026-04-19T15:48:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-faces-resistance-near-75k-as-on-chain-data-signals-profit-taking\/"},"modified":"2026-04-19T15:49:09","modified_gmt":"2026-04-19T15:49:09","slug":"bitcoin-faces-resistance-near-75k-as-on-chain-data-signals-profit-taking","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-faces-resistance-near-75k-as-on-chain-data-signals-profit-taking\/","title":{"rendered":"Bitcoin faces resistance near $75K as on-chain data signals profit-taking"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p><strong>Recent on-chain data shows a sharp rise in Bitcoin (BTC) movement to exchanges. <\/strong><\/p>\n<div id=\"cn-block-summary-block_3e6ed91739ba54add294ecfc09912529\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Binance inflow CDD spike suggests long-term Bitcoin holders moving funds to exchanges for profit-taking.<\/li>\n<li>NUPL indicator rise signals improving sentiment and growing unrealized profits among Bitcoin investors.<\/li>\n<li>Bitcoin Composite Index remains above 1.0, indicating no confirmed market bottom formation yet.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On April 14, Binance recorded a major spike in Exchange Inflow Coin Days Destroyed (CDD), reaching about 2.59 million.<\/p>\n<p>Analysts link this surge to long-term holders moving older coins. This behavior often appears when investors prepare to take profits after price recovery phases.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The spike occurred as Bitcoin climbed back toward the $75,000 range. Data suggests that older holdings, which remained inactive for long periods, are now entering exchanges.<\/p>\n<p>Analyst CryptoOnchain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69e4c36c17b5395c97a10999-Record-Binance-Inflow-CDD-Spike-Are-LTHs-Taking-Profits-at-75K\" target=\"_blank\" rel=\"nofollow\">stated<\/a> \u201dthis surge suggests long-term holders are securing profits\u201d while referring to the timing of the inflow spike.<\/p>\n<h2 class=\"wp-block-heading\"><strong>NUPL indicator signals rising market confidence<\/strong><\/h2>\n<p>Another on-chain metric, Net Unrealized Profit\/Loss (NUPL), has also shown movement. The indicator recently climbed to around 0.29, its highest level since late January.<\/p>\n<p>This level is commonly linked to the \u201cbelief\u201d phase in market cycles. It reflects growing unrealized profits among investors and a shift toward positive sentiment.<\/p>\n<p>Analyst Arab Chain <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69e4b4576aae2d16bb46e3c7-Bitcoin-NUPL-recorded-its-highest-level-since-late-January\" target=\"_blank\" rel=\"nofollow\">noted<\/a> \u201dthe market is showing renewed optimism and rising profits\u201d based on the recent NUPL trend. The increase follows a period of volatility earlier in the year.<\/p>\n<p>The indicator suggests that the market has regained balance after recent declines. It also shows signs of new capital entering the market.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Composite Index shows no clear bottom formation<\/strong><\/h2>\n<p>The Bitcoin Composite Index (BCI), which combines NUPL and MVRV data, remains above the key level of 1.0. Analysts use this level to assess whether the market has reached a bottom.<\/p>\n<p>Historical data shows that strong accumulation phases often occur when the index drops below this threshold. Current readings suggest that such conditions have not yet been reached.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: CryptoQuant<\/figcaption><\/figure>\n<p>Analyst Zizcrypto <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoquant.com\/quicktake\/69e4c21d17b5395c97a10995-BTC-Composite-Index-Remains-Above-10-%E2%80%94-Bottom-Formation-Still-Unconfirmed\" target=\"_blank\" rel=\"nofollow\">stated<\/a> \u201dthe index remains above bottom levels, indicating normalization rather than full reset\u201d when describing the current position.<\/p>\n<p>This reading points to a market that is stabilizing rather than entering a deep accumulation phase.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Price movement and market conditions<\/strong><\/h2>\n<p>Bitcoin recently failed to hold above $78,400 and has moved closer to $75,000. The price drop followed renewed geopolitical tension linked to developments in the Middle East.<\/p>\n<p>The asset had earlier gained momentum after reports of progress in diplomatic talks. It moved from below $70,500 to above $76,000 before reaching a local high.<\/p>\n<p>Market uncertainty returned after conflicting updates regarding the Strait of Hormuz. This led to a price correction of more than $3,000 from the peak.<\/p>\n<p>The broader crypto market also declined, with total market value dropping by around $100 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recent on-chain data shows a sharp rise in Bitcoin (BTC) movement to exchanges. Summary Binance inflow CDD spike suggests long-term Bitcoin holders moving funds to exchanges for profit-taking. NUPL indicator&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=26276"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26276\/revisions"}],"predecessor-version":[{"id":26277,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/26276\/revisions\/26277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/10877"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=26276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=26276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=26276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}