Bitcoin is Facing Rising Selling Pressure: Can BTC Price Hold Its Key Support?
The Bitcoin price is showing signs of renewed selling pressure after struggling to break above the $65,000 level. $BTC is currently trading near $64,200, while a mix of on-chain and institutional data points to weakening demand and rising sell-side pressure. Exchange balances have climbed, miner reserves continue to decline, and Bitcoin ETF flows have turned negative. At the same time, the Coinbase Premium remains below zero, suggesting weaker buying interest from U.S. investors. With these signals weighing on sentiment, can Bitcoin defend its current support, or is another leg lower on the cards? Six Factors Pointing to Rising Selling Pressure Bitcoin is facing renewed selling pressure, and analyst Ali has highlighted several on-chain and institutional indicators that point to weakening demand and increasing supply. The charts shared by Ali on X show six notable developments:Heavy supply near $61,000–$64,000: A large concentration of $BTC supply sits around this range, creating potential overhead selling pressure.Exchange balances are rising:$BTC held on exchanges has climbed to around 2.737 million $BTC, increasing the amount of supply potentially available for selling.Miner reserves are declining: Miner holdings have fallen toward 1.916 million $BTC, pointing to continued distribution.Strategy holdings have decreased: Strategys $BTC holdings have declined from roughly 844K to 840K









