Crypto: Bitcoin Price Falls Under $70k Again: Three Key Reasons 2026

Profit-taking by short-term Bitcoin traders accelerated the BTC drop below $70,000, but spot and futures traders may kickstart a quick recovery. Bitcoin (BTC) slipped back into its monthly trading range under $70,000 after dropping 5% over the past two days. Market data points to resistance near the $70,000 level, with onchain flows, futures data and weakening spot volumes signaling renewed selling pressure that limits BTC’s ability to hold this week’s range highs. Profit-taking from the short-term holders (STHs) accelerated during Bitcoin’s rally above $74,000. Crypto analyst Darkfost said that more than 27,000 BTC in profit moved to exchanges from STH wallets over the past 24 hours. The spike ranks among the largest realized-profit transfers from this cohort since November 2025. Darkfost noted that the sellers were able to lock in gains mainly accumulated between one week and one month ago, as their realized price sat near $68,000. Bitcoin futures data showed a similar pattern of aggressive selling activity. Market analyst IT Tech noted that both spot and perpetual futures markets recently flipped negative on the cumulative volume delta (CVD) indicator. The CVD measures buy volume minus sell volume. A negative reading signals dominant selling pressure. According to the analyst, the spot CVD reached –$202.49 million while perpetual futures CVD dropped to –$185.60 million. Bitcoin slipped below $70,000 during the same period, as bid liquidity pulled back in the market. Related: Bitcoin price drops to near $68K as US jobs weakness fails to rescue bulls The spot demand from US-based traders also weakened near key price inflection points.