Bitcoin rally is taking a breather near $75,000. Onchain data shows why

BTC is up 10% for the month, but the bull run has stalled near $75,000 in the past 48 hours. Here's why. What to know : Bitcoin's nearly 10% rally this month is stalling near $75,000 as on-chain data shows investors increasingly taking profits into strength. Uneven spot demand across exchanges, slightly negative funding rates, and a persistent bias for put options in derivatives markets signal cautious sentiment and a consolidating, not overheated, market.