Glassnode: Bitcoin has recently surged multiple times past $70,000, with weak liquidity putting pressure on the rebound

DeepFlowTech · 2026-02-19T13:00:16+00:00

Since early February, Bitcoin has attempted multiple times to break through the $70,000 mark but has faced declines. Thin liquidity has led to ongoing recovery challenges, and the rebound process is expected to be more turbulent.

DeepFlowTech

2026-02-19 13:00:16

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Deep Tide TechFlow News, February 19 — On the X platform, on-chain data analysis platform Glassnode stated that since early February, every attempt by Bitcoin to re-establish the $70,000 level has been met with demand exhaustion, leading to further declines. Data shows that even a net realized profit outflow of just over $5 million per hour is enough to trigger a price pullback. In comparison, during the euphoric market in the third quarter of 2025, profit-taking peaked at $200 million to $350 million per hour, yet prices still maintained an upward trend, indicating significantly stronger buying support at that time. Glassnode pointed out that the current market is in a structurally liquidity-tight environment, making it more challenging for Bitcoin to continuously recover the $70,000 to $80,000 range, and the rebound process may be more turbulent.

BTC1,28%

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