Bitcoin stabilizes near $77K – Here‘s why BTC’s recovery is still far away
Bitcoin market sentiment weakened sharply after the price lost the broader $79K support region and slipped toward the $74K demand zone recently. That breakdown also exposed deeper leverage fragility because aggressive liquidations quickly amplified sell-side pressure across broader markets. Major exchanges later reflected widening sell imbalances as defensive positioning and cascading long liquidations weakened short-term confidence further. However, signs of seller exhaustion gradually started emerging once Spot Taker CVD improved across Binance and Coinbase after the decline. Buyers also absorbed downside liquidity more efficiently as panic-driven momentum slowly faded beneath current conditions. Meanwhile, Bitcoin stabilized near the broader $76.5K–$77K region while short-term flows shifted closer toward neutrality. Yet, weaker momentum and damaged structure still leave markets vulnerable to renewed volatility unless higher support zones continue holding. Bitcoins supply overhang keeps recovery pressure elevated Bitcoin market pressure increasingly shifted from panic-driven selling toward broader supply absorption once liquidation momentum started easing recently. Buyers also stabilized short-term flows more effectively as aggressive sell-side pressure gradually weakened beneath current market conditions. However, roughly 7.75 million $BTC remained below the holder cost basis near the broader $77,000 region across markets. That figure also represented nearly 39% of circulating supply, reflecting heavy unrealized loss pressure beneath damaged market structure conditions. Source: Glassnode Historical cycles later showed









