Bitcoin Trades Below $70,000 as Short-Term Holders Face Pressure Despite Easing Profit-Taking

Bitcoin is trading near $67,477, below key short-term realized price levels of $79,246, $88,382 and $104,422, leaving short-term holders under notable pressure, CryptoQuant data show. Glassnode reports the monthly Realized Profits-to-Value ratio has dropped sharply but remains above the capitulation band, signaling reduced profit-taking and cooling selling pressure. Coin Bureau noted crypto-wide capital flows turned negative with the largest market outflows since 2022, while stablecoin supply failed to expand, pointing to tighter liquidity. On the 1-hour chart, Bitcoin is moving within a symmetrical triangle between descending resistance and ascending support, a structure Ali Charts/X highlighted that suggests an impending volatility spike and a possible 15% move, where a break above $70,000 could target $80,000, while a drop below $66,000 might open the way toward $62,000 or lower.