Bitcoin’s Relief Rally: Easing Selling Pressure Sparks Short-Term Recovery

BitcoinInsider · 2026-03-06T15:26:19+00:00

Bitcoin surged past $73K amid reduced selling pressure and improved spot demand, which narrowed significantly. While U.S. buying interest and long-term holding stability increased, the market still faces potential resistance at $79K and $90K, reflected by a low Bull Score Index.

BitcoinInsider

2026-03-06 15:26:19

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Bitcoin climbed above $73K, reaching a one-month high as selling pressure eased. Spot demand improved significantly, with demand contraction narrowing from -136K BTC at the start of 2026 to about -25K BTC today, signaling stabilization in the spot market.

At the same time, the Coinbase Premium turned positive, suggesting renewed buying from U.S. investors.

Selling pressure from both traders and long-term holders has also declined. Traders’ unrealized losses reached levels last seen in July 2022, conditions that historically reduce marginal selling and support short-term rallies. Meanwhile, long-term holder selling dropped sharply, with the 30-day pace falling from 904K BTC in November to about 276K BTC, the lowest since June 2025.

However, the rally may face resistance near $79K and $90K, key Traders’ On-chain Realized Price levels.

Despite the rebound, CryptoQuant’s Bull Score Index remains at 10/100, indicating the market is still in a bear phase

BTC-4.12%

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