Bitcoin Stalls Below $70K Amid Whale Sell Orders and MVRV Analysis
Generally, Bitcoin’s price has been going up and down a lot over the past few days, Probably because of the tension between Israel, the United States and Iran. Usually, it tries to go above $70,000 but it gets stopped. Normally, the price is very unpredictable.
Market Moves
Obviously, the market was very exciting on Monday, it went from $65,200 to $70,150 in a short time. Unfortunately, the price went back down to $66,400. Currently, the price is around $69,000.
Whale Sell Wall
Apparently, a big sell wall is stopping the price from going up, According to analyst CW, who uses data from Coinglass. Usually, big holders or “whales” sell their coins at a certain price. Probably, the price will go up when these sell orders are gone.
“Whale sell orders are anchoring the price. When they disappear, the next move will happen,” CW wrote on Twitter on March 4, 2026.
MVRV Analysis
Interestingly, analyst Ali Martinez uses the MVRV ratio to find where Bitcoin might go down to. Normally, the MVRV ratio is used to find the bottom of the market. Generally, when the ratio is between 0.8 and 1.0, Bitcoin has found its bottom.
MVRV Analysis
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Normally, the support zone is between $43,600 and $54,500. Usually, when the price is in this zone, it is a good time to buy. Probably, the market will go down before it goes up.
“Over the past decade, Bitcoin has consistently found its lows within the 0.8‑1.0 MVRV band,” Martinez posted on Twitter, attaching a graph that highlights the typical range.
Outlook
Generally, both analysts think that Bitcoin has not reached its bottom yet. Probably, the price will go down more before it goes up. Usually, investors should watch the on-chain order book activity and MVRV trends to see what will happen next.
Normally, if the whale sell orders are gone, the price might go up. Usually, if the MVRV ratio is between 0.8 and 1.0, the market might be ready to go up. Currently, the crypto community is watching how external factors might affect Bitcoin’s price.
Obviously, the next big move will depend on what happens with the whale sell wall and the MVRV ratio. Probably, the price will be very unpredictable. Usually, investors should be careful when the market is like this.
