Bitcoin News Today: Bitcoin Rebounds to $117K After $2.79B Weekly Sell-Off Amid Volatility

Bitcoin experienced one of the most significant net weekly taker selling events in the current bull cycle, with on-chain data revealing a total outflow of $2.79 billion. This marks a sharp sell pressure episode since early 2022, as traders prioritized liquidity over holding positions amid heightened volatility. Despite the aggressive taker volume, Bitcoin’s price rebounded to approximately $117,000, demonstrating resilience against the bearish activity. The net taker volume metric, which gauges the imbalance between market-order buying and selling, turned negative, reflecting a surge in seller urgency to cross the bid-ask spread [1].

The weekly net taker selling figure places the event among the top 12 bearish volume instances in the current cycle, accounting for roughly 7.3% of total weekly sessions since 2022. Historical patterns show that such extreme negative net taker prints often coincide with price corrections or temporary market breakdowns. For example, similar events in previous years were followed by both price rebounds and further declines, underscoring the unpredictable nature of market sentiment in volatile conditions [1].

Price action has since consolidated around the $117,000 level, but the resilience observed does not negate the bearish momentum. The net taker flow’s decline highlights structural selling pressure rather than a directional forecast. Sustained red histogram bars in the Bitcoin Compare Week Total Net Taker Volume chart through 2024 and 2025 indicate recurring aggressive selling episodes, often triggered by weakening bullish momentum. This pattern suggests a market environment where sellers dominate during downturns, even as buyers occasionally step in to stabilize prices [1].

Market participants are now closely monitoring whether spot demand—via limit orders or ETF inflows—can offset the bearish taker activity. While no immediate shift has materialized, the $2.79 billion outflow serves as a cautionary signal. Analysts emphasize that such large-scale selling typically signals a transition in trading cycles, with short-term trends dictated by seller dominance until renewed buying interest emerges. The asymmetry in market behavior, where sell-side activity often outweighs buying pressure even in upward trends, further complicates the outlook [1].

The event also raises questions about the role of algorithmic trading and institutional hedging strategies in amplifying price swings. Large-scale automated systems, designed to capitalize on liquidity imbalances, have contributed to the sharp intraweek drop to $115,356 and subsequent partial rebound. The interconnectedness of crypto markets was evident as secondary assets like Ethereum and Dogecoin faced downward pressure during the same period, reflecting the cascading effects of Bitcoin’s volatility [1].

While the Crypto Fear & Greed Index suggests lingering investor optimism, with a reading of 70—a “greedy” level—the scale of the weekly taker selling underscores growing bearish momentum. Institutional players and algorithmic traders have capitalized on price weakness, reinforcing the need for robust demand absorption in the spot market to counteract further outflows. The coming weeks will likely determine whether the current consolidation phase leads to a sustained rebound or signals the start of a deeper correction phase [1].

Source: [1] [Bitcoin Resurges From $115K Amid Significant Liquidation] [https://blockchainreporter.net/bitcoin-resurges-from-115k-amid-significant-liquidation-in-long-positions/]