Bitcoin Faces $79K Resistance as Rally Momentum Fades
Bitcoin (BTC)
news.bitcoin.com reports that Bitcoin fluctuated between $77,000 and $79,000 on Wednesday after climbing over 20% since August 17. The asset failed to breach the $79,000 threshold after 5:00 a.m. EST, peaking at $78,830 and leaving lower lows with each sell-off. Liquidations totaled $88 million, with leveraged long bets accounting for $77 million of that total. BitMEX founder Arthur Hayes linked the performance to U.S. Treasury actions, while Bybit analyst Han Tan remained cautious about the sustainability of the rally. Tan noted that bulls must overcome the 50-week simple moving average, with a return to $82,500–$83,000 needed to entice fresh ETF funds. The rally faces risks if U.S. Treasury Secretary Scott Bessent offers nuance on the 'Treasury twist' or if Fed Chair Kevin Warsh delivers a hawkish signal. As of 4:30 p.m. EDT, BTC traded just above $78,250, down roughly a percentage point for the day.
What Whalio's data showed
Binance spot order flow for BTC, measured when this story was published on 26 August 2026.
The 24-hour buy ratio sits at 51.0%, indicating a near-even split between buyers and sellers over the full day. However, shorter intervals show slightly stronger buying pressure, with the 1-hour buy ratio at 55.1% and the 4-hour ratio at 53.1%. This suggests that recent buying activity is outpacing the broader daily average. Volume delta supports this short-term bullish bias, showing positive inflows of +$3,441,962 in the last hour and +$9,615,977 over four hours. Despite these positive deltas, the 24-hour CVD closed at -$890,682, indicating that cumulative selling pressure outweighed buying over the longer timeframe. The divergence between positive short-term deltas and negative daily CVD implies that while immediate buying is building, the overall daily trend remains slightly bearish.