BTC Stalls for Three Days After Tagging 79,500 as Volume Cools

Coinyong

BTC 2026-08-24 11:51 · views 478

Data: Binance · Chart: Coinyong · Tap the chart to enlarge

Three days ago I wrote that if BTC closed above 73,777 there was no heavy supply until 77,489 — and that same day it ran straight to 79,500. That was +7.3% on volume 2.9x the 20-day average.

So far so good. The problem is that nothing has happened in the three days since.

Same spot for three days

Since the high, price has only been chopping inside 75,546–78,828. That's a range of just over 4%.

Volume keeps fading — from 2.9x down to 1.2x, and yesterday all the way to 1.0x. A lull after a sharp rally is normal, but if this drags on, it means the hands that piled in on the way up have stepped away.

That said, the trend hasn't turned. ADX has actually risen to 33, and buying pressure is more than four times selling pressure. It's resting, not reversing.

Only 79,500 overhead

There's a sell wall at 78,300 on the order book, and above that is the 8/21 high at 79,500.

A close above 79,500 puts 82,850 (the May weekly high) next. There's a gap in between — the volume traded at the current price zone is only 1.2% of the entire 80-day total.

Liquidation levels have moved up

This is what's changed since the last post. Back then the liquidation cluster was near 73,900; now it has moved up to 75,500–76,600. Three days of trading in this zone have stacked up fresh longs. That's 1–2% below the current price.

Below that, 74,000–75,400 holds only 0.7% of volume. If it gives way, there's almost nothing to catch it.

On the other hand, the bid wall at 75,800 is thicker than the ask wall above. For now, the buy side still has the upper hand.

Heavy supply sits 15% below

67% of the 80-day volume is packed into 61,900–65,900. Price blew through that zone in four days starting 8/19, so the middle is completely hollow. The MA200 is way down at 69,100 as well.

It's light going up, but there are no brakes if it slips.