Bitcoin rejects $78K twice as ETF inflows rise, long-term holders accumulate, and traders watch the $80K trend level.
Bitcoin traded near a tight resistance zone after rejecting $78,000 twice since the $74,800 liquidity sweep.
The move came as traders watched rising ETF inflows, long-term holder accumulation, and short liquidation levels near $78,500 to $79,000.
Bitcoin Faces Resistance Near $78,000
Bitcoin failed to hold above $78,000 after two attempts. The first rejection came near $78,300, while the next came near $78,000.
Both moves were sold quickly, showing that sellers remain active near resistance. The price range has also tightened since the rally from $74,800.
The $74,800 sweep started the latest upward move. However, the red dashed resistance near $78,000 stopped the rally.
⚠️ $BTC has rejected 78K twice since the 74.8K sweep. SuperTrend is still green at 77.7K.
Short liqs at 78.5K -> 79K are sitting untouched. Two S flips right at that level – both got sold hard.
– 74.8K sweep launched the rally, but 78K red dashed resistance stopped it cold
-… pic.twitter.com/XfnMRPlV1W— IT Tech (@IT_Tech_PL) April 24, 2026
SuperTrend support remains green near $77,700. This level is now seen as a near-term line for market structure.
A move below $77,700 could expose $77,000. After that, traders may watch $75,500 as the next support area.
For now, Bitcoin needs a strong reclaim of $78,000. A weak move above that level may face more selling.
ETF Buyers Add Support as Supply Tightens
Bitcoin’s rally may not be driven only by leverage. Market observers also point to stronger spot demand and tighter supply.
ETF inflows have risen near their highest levels this year. This suggests that institutional buyers remain active in the market.
At the same time, long-term holders continue to accumulate Bitcoin. This can reduce the amount of supply available for active trading.
When more coins move into long-term wallets, selling pressure can ease. However, price still depends on demand staying strong.
This supply pattern has drawn attention from traders. They are watching whether ETF demand can support a wider move.
Spot-led rallies are often viewed as more stable than leverage-led moves. They depend more on real buying than short-term futures activity.
Read also:
BlackRock’s 12-Day Bitcoin Buying Streak Hits $2.05B
Traders Watch $80,000 as Key Trend Level
Short liquidations helped spark the latest Bitcoin move. Liquidation clusters still sit near $78,500 to $79,000.
Those levels remain untouched after the recent rejections. A clean break above $78,000 could bring them back into focus.
Still, traders are watching $80,000 as the larger test. This area is close to the short-term holder cost basis.
Bitcoin’s rally may be stronger than it looks, not just driven by leverage, but by real demand amidst tightening supply.
Key Takeaways:
• Rising ETF inflows are near their highest levels this year, signaling stronger institutional demand
• Accumulation by long-term holders… pic.twitter.com/br4zqgYLpN
— Coinbase Institutional 🛡️ (@CoinbaseInsto) April 24, 2026
A reclaim of that level could support a stronger trend. It may also show that newer holders are moving back into profit.
However, another rejection could keep Bitcoin under pressure. It may also lead to a move back toward $77,000.
The main resistance levels are $78,000, $78,500, and $79,000. Support sits near $77,700, $77,000, and $75,500.
Bitcoin’s next move may depend on how it reacts at $78,000. ETF demand and long-term holding trends remain central to the market setup.