Bitcoin's $78.1K Resistance Requires Institutional Absorption of Profit-Taking
KT
Kendall Thornton
ETF inflows data · Apr 16, 2026
Source: DojiDoji Data Terminal
Bitcoin is 5.2% below the True Market Mean of $78.1K, which serves as the key near-term resistance. Short-term holder supply in profit currently sits at 43.2%, below the statistical mean of 54.2% where distribution typically triggers.
This price action follows a trend toward $74K. The True Market Mean represents the cost basis of active supply.
Investors are selling into strength. The 30-day EMA of the Realized Profit/Loss Ratio is 1.16, confirming that profit-taking is dominating loss realization. A sustained move above $78.1K requires a demand catalyst to absorb this wave of profit realization.
ETF inflows data
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