Bitcoin Pulls Back After $78K Rally as Large Investors Continue Buying Cheap BTC

Bitcoin price struggles to hold above $78,000

Bitcoin slipped after briefly rising above $78,000, continuing a period of sideways trading that has now stretched into a fourth week. BTC found support near $74,000 while facing strong resistance between $78,000 and $80,000.

Bitcoin’s jump to $78,164 triggered exits from traders on both sides. Some long traders who had been holding losing positions reportedly exited near break even, while profitable short traders also closed positions to lock in gains and avoid risk. Analysts described the zone as a key psychological level for traders.

Bitcoin liquidity clusters shape short-term price movement

According to liquidation heatmap data, liquidity continues to influence Bitcoin’s short-term direction. Hyblock identified major liquidity clusters around the $75,675 to $75,700 range, suggesting the market may be drawn toward those levels as traders reposition.

Order book data also shows heavy selling pressure beginning near $77,700, with stronger resistance building between $78,000 and $80,000. This indicates Bitcoin could continue facing difficulty breaking higher in the near term.

Large Bitcoin buyer continues steady accumulation

Despite recent weakness, some major investors are still accumulating BTC. Adam Back said a large Bitcoin whale has been using a time-weighted average price (TWAP) strategy to quietly buy around 450 BTC per day over the past eight and a half days.

The activity suggests some value-focused investors still view current prices as attractive, even as futures-driven selling pressure continues to weigh on the market.