Bitcoin faces $77,100 to $81,700 supply barrier as ETFs see $462 million weekly outflow

Bitcoin traded near $77,100 on Friday, encountering significant resistance after rallying above $82,000 in recent weeks. The cryptocurrency’s momentum slowed as it approached a dense cluster of technical and on-chain barriers, identified by blockchain analytics firm CryptoQuant.

Long-term holders and technical resistance zones

According to CryptoQuant, investors who have held Bitcoin for extended periods released up to 539,000 BTC over a 30-day period in 2026. These sales primarily took place in the $77,100 to $80,200 price range, creating an area of concentrated supply where sellers are likely to defend their positions during price advances.

The price remains below the 365-day moving average at $81,700, a technical level that previously rejected rallies in early September. CryptoQuant considers a daily close above this moving average as confirmation of a new bullish phase, rather than just a temporary breakout.

The $77,100 to $80,200 resistance zone is particularly notable because it represents coins released from long-term holders who accumulated during previous market cycles. Each attempt to move above this range is met with selling, and failed efforts can prompt further profit-taking from these investors.