Lazarus Group has become especially dangerous with new Mach-O Man attack: CertiK
Lazarus Group's new Mach-O Man attack targets fintech, stealing over $500M.
CoinDesk1 min read
Bitcoin Whales Stack $217 Million Bid Wall While Sell Zone Looms at $80,000
TL;DR
Bitcoin reached an 11-week high of $78,444, recovering from a low of $73,777. A significant bid wall of $217 million is positioned at $75,700, while sell pressure looms between $78,000 and $80,000.
Key points
- Bitcoin hit an 11-week high of $78,444
- Recovery from a low of $73,777
- Largest bid wall at $75,700 with $217 million
- Sell pressure between $78,000 and $80,000
Bitcoin jumped along with equities on Wednesday, hitting an 11-week high as macro sentiment bolstered market confidence.
The largest cryptocurrency extended its recovery from Sunday's low of $73,777 into the third day. Bitcoin rose nearly 4% in the last 24 hours to reach an intraday high of $78,444, its highest price since Feb. 3, and prices of other cryptocurrencies also climbed.
#BTC whale orderbook update (15m)
Heavy sell pressure: 78.0K–80.0K
Largest bid: 75.7K ($217M+)
Big players are positioned. 🧐 pic.twitter.com/lCl1ANv4yf
— CoinGlass (@coinglass_com) April 22, 2026
According to CoinGlass, Bitcoin's whale orderbook indicates positioning by big players.
In this regard, CoinGlass identified Bitcoin's largest bid to be at $75,700, where $217 million in BTC is held by players. Meanwhile, heavy sell pressure is situated in the range between $78,000 and $80,000, according to CoinGlass' recent whale orderbook update.
What comes next?
In the last few weeks, crypto has been somewhat bullish, often ignoring bad news and rising on good news. In the short term, the $75,700 level should hold as solid support because many investors have bought in at this level.
A clean break above $80,000 might open up more gains. Bitcoin is up more than 15% since February 27, and its near-term direction depends heavily on what happens in the macroeconomic landscape.
Without a clear external catalyst, traders who are focused on positioning around low-volatility conditions are likely to see the $72,000 area as the next key support zone after $75,000, with more gains limited by possible resistance near $80,000.
Since the end of February, Bitcoin has largely traded between $65,000 and $75,000. The sideways trading pattern has been a reprieve from months of declines that saw it drop nearly 40% from its recent all-time high of over $126,000 in October, after which a sharp selloff sent crypto markets tumbling.
Q&A
What is the current price of Bitcoin as of April 2026?
As of April 2026, Bitcoin reached an intraday high of $78,444.
How much Bitcoin is held in the largest bid wall?
The largest bid wall for Bitcoin is at $75,700, holding over $217 million.
What sell pressure levels are affecting Bitcoin's price?
Heavy sell pressure for Bitcoin is observed between $78,000 and $80,000.
