Bitcoin stalls below $76,000 as sell wall caps rally despite rising derivatives activity

The bitcoin price is hovering near a key resistance level with $450 million in sell orders overhead as liquidations surge and derivatives data signal caution. What to know : Bitcoin is testing a dense sell wall around $76,000, with traders split between shorting resistance and defending against a breakout above liquidation levels. Futures activity is heating up, with volume and open interest rising alongside a 140% jump in liquidations, hinting at mild short-squeeze dynamics. Altcoins are lagging as traders look to BTC for direction, though select tokens like SOL and ADA show strong bullish positioning in derivatives markets.(Coindesk)