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Bitcoin Pauses Near $77,100 as Long-Term Holder Selling Forms Overhead Resistance

CryptoQuant data indicates a substantial accumulation of long-term holder supply between $77,100 and $80,200 is slowing Bitcoin's upward momentum.

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Bitcoin traded near $77,100 on Friday following a rally that took it from under $65,000 in mid-August to over $82,000. According to analysis from CryptoQuant, the cryptocurrency is currently meeting heavy resistance in the $77,100 to $80,200 range, where long-term holders disposed of roughly 539,000 BTC over a 30-day window in 2026.

The analytics firm notes that buyers must clear several hurdles to sustain the rally, beginning with a daily close above the 365-day moving average at $81,700, which previously rejected an advance in early September. If that barrier is cleared, technical models point to higher valuation bands at $83,600 and $88,700. On the downside, CryptoQuant identifies the 200-day moving average near $70,000 as initial technical support.

The pause comes as U.S. spot Bitcoin exchange-traded funds recorded their fourth consecutive day of net redemptions, losing $13.29 million on Friday and $462.73 million across the week despite generating $2.60 billion in trading volume. Meanwhile, U.S. spot Ether ETFs took in $216.41 million on Friday, though the report notes this divergence does not confirm direct fund rotation between the two assets.

How this piece reads Sell tone -2
Site call on Bitcoin Sell score -38.5

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