61K BTC sold. Guess who?
BTC's been eating well for five days. The check is due at $76,100.
Three consecutive weekly gains. Five straight higher daily closes. BTC stared at $76,100 all week and blinked every time — but the coil's winding tighter, not looser. The source is miners: 61K BTC shed this cycle, with producers cashing their first real check after months underwater. The kitchen is prepped. The weekend determines whether this order gets served or sent back.
TODAY'S BOARD
BTC $75,127 — 🟢 coiling — Five straight higher closes, pressing the $76,100 breakout wall
ETH $2,341 — 🟢 coiling — Holding $2,300. Waiting for BTC to break first.
Sentiment — Fear & Greed 23— 🟠 contrarian — Extreme Fear while BTC posts three straight weekly gains
TODAY'S JOB
The ceiling is real and it has a mechanical source. The weekend could remove it — or not.
Market Snapshot
BTC: $75,127 (+0.30%) | Tight overnight coil, five consecutive higher daily closes, pressing the breakout wall from below
ETH: $2,341 (-0.85%) | Holding $2,300 support, letting BTC order first
Fear & Greed: 23 (Extreme Fear) ← 23 — Three straight weekly gains while the crowd hides under the table
Levels at a Glance
BTC Daily tape: +0.30% (O $74,904 | H $75,508 | L $73,323 | C $75,390)
Support: $73,000 | Resistance: $76,100 | Bias: Bullish
ETH Daily tape: -0.85% (O $2,371 | H $2,376 | L $2,291 | C $2,361)
Support: $2,300 | Resistance: $2,377 | Bias: Bullish (secondary to BTC)
Core Setup — The Ceiling Has a Name: Who's Been Selling BTC at $76,100
BTC has printed three consecutive weekly gains and five straight higher daily closes. Whales have been accumulating at a pace not seen since 2013 (CryptoQuant). ETF inflows pulled $871M in the week ending Apr 13. Demand is there. So why does BTC keep stalling at the same level?
The answer is miners. Bitcoin fought through every wave of miner selling this week and still closed higher each day — but the $76,100 door stays shut until the payroll runs dry. Miner reserves have dropped ~61,000 BTC over this cycle — operational sellers finally turning a profit at $73K–$75K and cashing out. The ceiling has a mechanical source, not a structural one. That matters, because mechanical sellers eventually stop selling — and the Iran ceasefire is the macro event that could ease that pressure all at once.
🔑 Quick Hit
ON-CHAIN — Whale Accumulation at 2013-Pace | CryptoQuant on-chain data: whales added ~270,000 BTC in the last 30 days. Smart money isn't waiting for the breakout — they're building the table before the dinner rush.
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NFA as always — Stay Fed. 🦞
Starving Chartist · Daily Dose · Free · April 17, 2026
