{"id":73103,"date":"2026-05-26T16:33:52","date_gmt":"2026-05-26T16:33:52","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analysts-flag-79k-resistance-after-766m-bitcoin-liquidation-wipes-may-gains\/"},"modified":"2026-05-26T16:33:52","modified_gmt":"2026-05-26T16:33:52","slug":"analysts-flag-79k-resistance-after-766m-bitcoin-liquidation-wipes-may-gains","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analysts-flag-79k-resistance-after-766m-bitcoin-liquidation-wipes-may-gains\/","title":{"rendered":"Analysts Flag $79K Resistance After $766M Bitcoin Liquidation Wipes May Gains"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock\u2019s market dominance.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Long <span>BTC<\/span> Traders Sit Underwater as Bitfinex Report Points to $79K Breakeven Wall<\/h2>\n<p>According to Bitfinex\u2019s latest <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/btc-stalls-as-fed-signals-a-hawkish-tone\/#bitcoin-slows-down-as-inflation-becomes-persistent\" target=\"_blank\" rel=\"noopener noreferrer\">report<\/a>, the May 23 deleveraging event this weekend wiped out $766 million in aggregate positions, including $458 million in longs, marking the largest single <span>liquidation<\/span> in three months. Geopolitical uncertainty and a 16-month high in the U.S. 10-year Treasury yield pressured risk assets ahead of the flush, pushing <span>bitcoin<\/span> to a Saturday low of $74,027.<\/p>\n<p>The analysts note that <a href=\"https:\/\/news.bitcoin.com\/bitcoin-gets-pinned-near-77k-as-3-7b-options-expiry-locks-in-max-pain-zone\/\">open interest<\/a> has now fully unwound the prior three-week build-up, while funding rates have reset to neutral-to-slightly negative. That reset signals <span>leverage<\/span> has been flushed, but upside momentum remains fragile.<\/p>\n<p>The more pressing concern, according to Bitfinex\u2019s report, is that recent buyers are now underwater. <span>Bitcoin<\/span> has traded below the Short-Term Holder Realized Price near $78,600, and the 30-day accumulator cost basis failed as support after a close below $76,500. That failure creates heavy breakeven resistance near $79,000, with the November-to-February cohort cost basis around $85,900 still acting as the major structural ceiling.<\/p>\n<p>Bitfinex market strategists say the $72,000-to-$82,000 <span>UTXO<\/span> air gap is likely to define the new trading range in the near term unless fresh institutional demand returns. Exchange reserves sit near seven-year lows, and long-term holder supply remains stable at 14.43 million <span>BTC<\/span>, pointing to passive profit-taking rather than a systemic exit by high-conviction holders.<\/p>\n<figure id=\"attachment_817345\" aria-describedby=\"caption-attachment-817345\" style=\"width:2048px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-817345\" class=\"wp-caption-text\">Image source: Bitfinex chart via the firm\u2019s latest analysis.<\/figcaption><\/figure>\n<p>On the macro side, persistent <span>inflation<\/span> across housing, energy, and services sectors continues to complicate the Federal Reserve\u2019s policy path. Bitfinex\u2019s analysis highlights that sticky <span>inflation<\/span> measures remain elevated as housing shortages, rising mortgage rates, and higher service-sector costs keep feeding into broader price pressures, reducing the likelihood of near-term rate cuts.<\/p>\n<p>U.S. consumer sentiment has fallen to a record low as households contend with declining purchasing power and higher living costs. Bitfinex analysts point out that long-term <a href=\"https:\/\/news.bitcoin.com\/trump-dismisses-inflation-pressure-on-americans-while-april-ppi-tops-6-year-over-year\/\">inflation<\/a> expectations have risen sharply, creating additional pressure on the Fed to prevent those expectations from becoming embedded. Real wages have turned negative as <span>inflation<\/span> outpaces wage gains, leaving consumers increasingly strained despite a still-resilient labor market.<\/p>\n<p>In the exchange-traded fund (ETF) market, Truth Social withdrew its proposed <span>bitcoin ETF<\/span> applications, citing intensifying competition and fee compression across an increasingly saturated U.S. exchange-traded product market. Bitfinex analysts viewed the withdrawal as a reflection of weakening economics for smaller entrants trying to compete with dominant players such as Blackrock and Fidelity Investments.<\/p>\n<p>Spot <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-Bitcoin-ETF\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin ETFs<\/a> have become commoditized products driven by scale, <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a> and pricing power, according to Bitfinex\u2019s study, leaving little room for late-stage entrants without a significant distribution advantage. Separately, the U.S. Department of Commerce committed more than $2 billion in CHIPS Act incentives to quantum computing companies, marking the largest federal intervention into quantum hardware to date.<\/p>\n<p>Bitfinex analysts note that sufficiently advanced <a href=\"https:\/\/news.bitcoin.com\/paradigm-researcher-proposes-pacts-to-shield-dormant-bitcoin-from-quantum-computing-risk\/\">quantum<\/a> computers could eventually threaten the cryptographic foundations underpinning <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Bitcoin<\/a> and Ethereum networks. That possibility is raising urgency around post-quantum cryptography development across the digital-asset industry.<\/p>\n<p>For now, <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> traders are watching whether the $79,000 breakeven wall holds or breaks. Bitfinex\u2019s latest report makes clear that without fresh institutional demand, the path of least resistance stays sideways or toward the downside.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/analysts-flag-79k-resistance-after-766m-bitcoin-liquidation-wipes-may-gains\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin dropped nearly 10% to $74,027 on May 23 as a $766M liquidation event wiped BTC longs. Bitfinex analysts warn $79,000 acts as heavy breakeven resistance, capping near-term BTC recovery. Truth Social pulled its bitcoin ETF applications, citing fee compression and BlackRock\u2019s market dominance. Long BTC [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":73104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73103"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73103"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73104"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}