{"id":914747,"date":"2026-06-22T20:14:47","date_gmt":"2026-06-23T01:14:47","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/22\/bitcoin-stalls-below-76000-as-sell-wall-caps-rally-despite-rising-derivatives-activity\/"},"modified":"2026-06-22T20:14:47","modified_gmt":"2026-06-23T01:14:47","slug":"bitcoin-stalls-below-76000-as-sell-wall-caps-rally-despite-rising-derivatives-activity","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/22\/bitcoin-stalls-below-76000-as-sell-wall-caps-rally-despite-rising-derivatives-activity\/","title":{"rendered":"Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-theme=\"light\" data-module-name=\"page\" data-module-version=\"1.0.0\" data-module-instance=\"default\" id=\"content\">\n<div data-module-name=\"article-header\" data-module-version=\"1.0.0\" data-module-instance=\"default\">\n<h2>Bitcoins Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity<\/h2>\n<h2>Bitcoins The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution.<\/h2>\n<\/div>\n<div>\n<figure><img loading=\"lazy\" title=\"bitcoins\" alt=\"bitcoins Bitcoin chart\" width=\"1920\" height=\"1080\" decoding=\"async\" data-nimg=\"1\"   src=\"http:\/\/www.coindesk.com\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fbc77d4c602c9616207ef92b623483e8636d7ccb9-2080x1124.png%3Fauto%3Dformat&#038;w=3840&#038;q=75\"><figcaption>BTC\/USD (CoinDesk Data)<\/figcaption><\/figure>\n<\/div>\n<div>\n<div id=\"se-_R_2dqanpfiupanivb_\">\n<ul>\n<li>Bitcoin is testing a dense sell wall around $76,000, with traders split between shorting resistance and defending against a breakout above liquidation levels.<\/li>\n<li>Futures activity is heating up, with volume and open interest rising alongside a 140% jump in liquidations, hinting at mild short-squeeze dynamics.<\/li>\n<li>Altcoins are lagging as traders look to BTC for direction, though select tokens like SOL and ADA show strong bullish positioning in derivatives markets.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>Bitcoin <span data-submodule-name=\"price-chip\" data-submodule-version=\"1.0.0\" data-submodule-instance=\"default\"><a href=\"http:\/\/www.coindesk.com\/price\/bitcoin\"><span><span><span>BTC<\/span><span><svg fill=\"none\" height=\"24\" viewBox=\"0 0 24 24\" width=\"24\"><path d=\"M15.79 11.71L13.2 14.3C12.81 14.69 12.18 14.69 11.79 14.3L9.19995 11.71C8.56995 11.08 9.00995 10 9.89995 10H15.09C15.98 10 16.42 11.08 15.79 11.71Z\" fill=\"var(--text-neg)\" \/><\/svg><\/span><span>$64,139.81<\/span><\/span><\/span><\/a><\/span> is testing $76,000 for a third day, trading at $75,440 as bullish traders continue to chip away at $450 million of sell orders between $75,900 and $76,300, <a href=\"https:\/\/www.coinglass.com\/mergev2\/BTC-USDT\" target=\"_blank\" rel=\"noopener noreferrer\">CoinGlass data shows<\/a>.<\/p>\n<p>The orders will be placed by traders who are either attempting to short the range-high in expectation of a reversion to around $68,000, and those defending against a breakout with liquidation risk above.<\/p>\n<p>U.S. equities surged to record highs on Thursday as the war in Iran appears to be winding down following a ceasefire between Israel and Lebanon. <\/p>\n<p>The crypto market outperformed equities since the start of the war, and is now taking a back seat.<\/p>\n<h3>Derivatives positioning<\/h3>\n<ul>\n<li>Activity in the crypto futures market has picked up, with bitcoin briefly topping $76,000 during European trading hours. Total market volume has risen 28% to $225.8 billion, while open interest (OI) has edged up over 1.5% to $126.68 billion. <\/li>\n<li>More notably, total liquidations have surged 140% to $529 million, with short positions slightly exceeding longs, suggesting a mild short squeeze and building of upward pressure in the market.<\/li>\n<li>Solana&#8217;s SOL is leading the growth in OI among the biggest cryptocurrencies. In 24 hours, the number of active contracts in Solana futures has increased by 11% to 5.53 billion SOL, the most since March 18. Dogecoin is another standout, with OI hovering at the six-month high of 14.17 billion DOGE. <\/li>\n<li>SOL\u2019s capital inflows appear to be driven by rising appetite for bullish positioning, with the positive funding rates and 24-hour OI-adjusted cumulative volume delta (CVD) signaling increasingly aggressive buying pressure. <\/li>\n<li>Signals for dogecoin remain mixed, as a positive CVD points to buying pressure, while slightly negative funding rates suggest lingering bearish sentiment among derivatives traders.<\/li>\n<li>Cardano&#8217;s ADA leads on an OI-adjusted CVD basis, pointing to strong buyer dominance and bullish positioning.<\/li>\n<li>The volatility meltdown continues, pointing to market calm and supporting further bullish price action. BTC&#8217;s 30-day implied volatility index (BVIV) has slipped to a fresh 2.5-month low of 43.35%. Ether&#8217;s index, EVIV, hovers near the recent low of around 65%. <\/li>\n<li>On Deribit, BTC and ETH options continue to show a bias for puts as a sign of lingering downside fears. Overall, the market looks positioned for gains, but it is not yet willing to go full-bull. <\/li>\n<\/ul>\n<h3>Token talk<\/h3>\n<ul>\n<li>Altcoins lagged behind bitcoin on Friday as traders awaited a potential breakout or rejection before making speculative bets. <\/li>\n<li>The heavily bitcoin-weighted CoinDesk 5 (CD5) Index is up by 0.8% since midnight UTC, while the altcoin-dominant CoinDesk 100 (CD100) is marginally in the red.<\/li>\n<li>The CoinDesk Memecoin Index (CDMEME) was the worst-performing benchmark, losing around 2.8% as several tokens gave back most of Thursday&#8217;s gains.<\/li>\n<li>CoinMarketCap&#8217;s &#8220;Altcoin Season&#8221; indicator is at 37\/100, a neutral area after it hit 53\/100 last month and 19\/100 in February.<\/li>\n<li>While the broader altcoin market is subdued, a small corner of the market is outperforming; KAS added 3.9% while PENDLE and AERO gained 3.5% and 2.5%, respectively.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p> Oliver Knight <a href=\"https:\/\/www.coindesk.com\/markets\/2026\/04\/17\/bitcoin-stalls-below-usd76-000-as-sell-wall-caps-rally-despite-rising-derivatives-activity\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution. BTC\/USD (CoinDesk Data) Bitcoin is testing a dense sell wall around $76,000, with traders split between shorting<\/p>\n","protected":false},"author":1,"featured_media":914748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,23598],"tags":[11476],"class_list":["post-914747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-stalls","tag-bitcoins"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=914747"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/914747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/914748"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=914747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=914747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=914747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}