The post Will Bitcoin Pump or Crash From $70K? 3 Charts Can Answer appeared on BitcoinEthereumNews.com.

Bitcoin is holding firm around the $70,000 level after one of its sharpest sell-offs this cycle, leaving investors split on what comes next.  On-chain data, ETF flows, and market structure signals now point in two opposing directions, raising a key question: is Bitcoin preparing for another leg up, or setting up for renewed downside? Sponsored Sponsored Selling Pressure Remains Elevated One of the clearest warning signals comes from Bitcoin’s growth rate difference between market cap and realized cap. The indicator remains in negative territory, historically associated with heavier selling pressure. When realized cap grows faster than market cap, it suggests coins are being redistributed at lower prices rather than pushed higher by fresh demand.  Bitcoin is not pumpable right now. In 2024, $10B in cash could create $26B in BTC book value. In 2025, $308B flowed in, yet the market cap fell $98B. Selling pressure is too heavy for any multiplier effect. MSTR and DATs won’t work until it becomes pumpable again. pic.twitter.com/T8NZHio4H9 — Ki Young Ju (@ki_young_ju) February 9, 2026 In past cycles, this environment made sustained price “pumps” difficult, as rallies were often met with distribution rather than follow-through. Overall, current conditions suggest a structural selling pressure overwhelming demand. Whales are Buying Bitcoin Aggressively At the same time, on-chain accumulation data tells a very different story. Inflows to long-term accumulation addresses surged sharply during the recent dip, marking the largest single-day inflow of this cycle. Sponsored Sponsored Historically, such spikes tend to appear near local bottoms rather than tops.  While accumulation does not guarantee an immediate rally, it signals that large holders are absorbing supply instead of distributing it. This creates a floor effect, limiting downside even when broader sentiment remains fragile. Whales have been accumulating massive amounts of Bitcoin during the recent drop. “On February 6th, 66.94k…

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Filed under: News - @ February 9, 2026 9:25 pm