Bitfinex Blog/
Strong Resistance at $62-65,000 Continues as Long-Term Holder Supply Declines
Bitcoin is facing strong resistance between $62,000 and $65,000, underperforming relative to equities despite record highs in the S&P 500 and Nasdaq 100. Long-term holder supply saw its first weekly decline of 2026, driven by 'younger' long-term holders selling at a loss.
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Why It Matters
The inability to break above $65,000 despite positive macro trends in equities suggests internal supply pressure and a lack of conviction among buyers, while the decline in long-term holder supply indicates loss-taking by cycle-top buyers.