Bitcoin price stalls as sellers step in – Will volatility cap BTC gains?

Bitcoin’s recent rally has been supported by rising derivatives positioning — Open Interest has climbed over the past three weeks as BTC reclaimed and tested levels above $70k and $75k — but growing exchange inflows and concentrated liquidations risk capping further gains. Large flows into Binance (106k BTC) and OKX (130k BTC) deposit addresses suggest mounting sell pressure from holders, while multiple days in April saw short liquidations exceed $200m, amplifying volatility. The market is therefore split: speculators show renewed confidence, but profit-taking and the prospect of leveraged-driven liquidity hunts increase the odds of a retracement amid ongoing bear-market caution.