[CryptoQuant: Bitcoin On-Chain Metrics Indicate Increasing Selling Pressure, Rising Profit-Taking Risk] BlockBeats News, April 16, according to The Block, CryptoQuant's Head of Research Julio Moreno stated on Wednesday that Bitcoin's recent rally is facing a gradually increasing risk of profit-taking, with multiple on-chain metrics showing that selling pressure is intensifying. Currently, Bitcoin's price has slightly pulled back but is testing traders' on-chain 'realized price' of $76,800. This level is considered a significant bear market resistance point, historically often limiting rebound potential, as holders nearing breakeven are more inclined to sell for profit, thereby suppressing further upward movement. Moreno pointed out: "This price range precisely suppressed price increases during the bear market rebound in January 2026 and reversed downward after reaching this level. If the current selling pressure continues to intensify, a similar trend could occur again." He added that if the resistance level holds, the area around $67,600 will become the primary short-term support. The report also noted that the proportion of large transactions has rapidly risen from less than 10% to over 40%, a level historically associated with strong short-term selling pressure. Profit-taking has not yet reached its peak. Currently, daily realized profits are approximately $500 million, below the $1 billion threshold historically marking significant sell-off climaxes. Moreno concluded that if Bitcoin remains above $76,000 or even further approaches the realized price level of $76,800, daily realized profits could accelerate to exceed $1 billion, thereby increasing selling pressure and raising the likelihood of a phase-top or correction in the market.