PANews reported on April 16th that, according to The Block, Julio Moreno, head of research at CryptoQuant, stated that Bitcoin's recent rise faces increasing profit-taking risks, with multiple on-chain indicators showing increasing selling pressure. Bitcoin broke through $76,000 on Tuesday, reaching a new high since early February, but has since retreated to around $74,800, testing the $76,800 trader on-chain realized price level—a historically bearish resistance level that has repeatedly suppressed rallies.

As prices rise, the hourly inflow of Bitcoin into exchanges has climbed to approximately 11,000 BTC, the highest level since the end of December 2025, primarily driven by large deposits. The average deposit amount has risen to 2.25 BTC, the highest since July 2024. The proportion of large deposits has risen from below 10% to over 40% in just a few days; historically, a proportion exceeding 40% has often been accompanied by short-term selling pressure. Currently, daily realized profits are approximately $500 million, below the historically significant profit-taking threshold of $1 billion. Moreno warns that if Bitcoin continues above $76,000 or advances towards $76,800, realized profits could accelerate to over $1 billion, increasing the probability of a stalled or reversed rally.