Bitcoin stabilizes near key resistance despite sustained profit taking and weak demand — Glassnode

Bitcoin is beginning to show signs of stabilization after a prolonged period of losses, although the recovery remains fragile and lacks strong participation, according to a Glassnode report released Wednesday. Bitcoin trades near $74,000, approaching the key $78,100 resistance as the market shows signs of recovery.Profit-taking surged as investors sold on Bitcoin's recovery attempt, with the Realized Profit/Loss… Bitcoin is beginning to show signs of stabilization after a prolonged period of losses, although the recovery remains fragile and lacks strong participation, according to a Glassnode report released Wednesday. Bitcoin trades near $74,000, approaching the key $78,100 resistance as the market shows signs of recovery.Profit-taking surged as investors sold on Bitcoin's recovery attempt, with the Realized Profit/Loss ratio rising to 1.16.Bitcoin ETFs and CME futures have seen a modest recovery, but weak conviction and liquidity-driven trading continue to shape price action.Bitcoin is beginning to show signs of stabilization after a prolonged period of losses, although the recovery remains fragile… For traders, this matters because crypto headlines can change short-term momentum, liquidity conditions and broader risk appetite within minutes. Watch follow-through in majors, exchange volume and risk sentiment in US indices to judge whether the move has real participation behind it.