Reviewed by Reviewed by Jibin Mathew George Updated 01:00 EDT October 10, 2026 Share Share Share Back to Top Bitcoin [BTC] recently faced a sharp rally. However, it’s now showing signs of a potential cooling period. This has happened because investors have started booking substantial profits, despite the price struggling to break past the resistance level
According to Santiment, Bitcoin recorded roughly $1.03 billion in realized profits in a single day recently. This marked the second-highest profit-taking event of 2026, just below the year’s peak of $1.04 billion
However, while profit-taking is a normal part of market cycles, large-scale selling can increase short-term selling pressure and make it harder for Bitcoin to sustain its upward momentum
This, because the price of Bitcoin is also facing selling pressure. At the time of writing, it was trading at $82,406.58 after falling by 4.5% in a week
At the same time, the RSI was also in the healthy range, suggesting that bulls may be outpacing bears. Meanwhile, the parallely running Bollinger Bands suggested that BTC entered a steady state with the price moving in a structured channel
Needless to say, Bitcoin did face rejection around the $86,500-resistance level. This happened because of significant sell orders that prevented the price from moving higher
Following this rejection, the world’s largest cryptocurrency moved south toward areas with significant buy orders. In fact, the largest concentration of these bids was reportedly hovering around $81,000
So, given the case in point, if buyers absorb the available selling pressure, this zone could help stabilize the price and act as short-term support. However, if selling intensifies or buyers withdraw their orders, support is not guaranteed to hold
Still, one thing is clear – Existing holders and investors who accumulated BTC earlier have played a significant role in supporting the rally
However, the reported decline in fresh capital flowing through ETFs, stablecoins, and corporate treasuries may be evidence that new demand may be weakening
Existing holders can sustain an advance for some time, but stronger inflows from new investors would provide additional buying power and make the rally more sustainable
Maybe, especially in the aftermath of BTC ETFs seeing outflows worth $409.71 million in October so far. This implied that maybe everything is not rosy yet
As it stands, Bitcoin is facing a critical test between profit-taking and fresh demand. The $81,000-zone could provide support, while resistance near $86,500 – $87,000 remains a hurdle
Ishika Kumari is a Crypto Analyst at AMBCrypto, specializing in regulatory developments, market dynamics, and blockchain’s real-world impact. She breaks down complex protocols and legislation into practical, easy-to-understand insights
