Bitcoin Analyst Sounds Warning as Stress Levels Rise and Whale Bets Against $70,000

Bitcoin (BTC) has been trading in a narrow range recently, but on-chain data analyst Axel Adler warns that if BTC falls below $61,500, selling pressure could intensify further.

Adler examined the BTC UTXO stress indicator and found that it has risen above the critical threshold of 70 to 71.58, indicating a significant portion of the circulating Bitcoin supply is in loss territory.

This increase in stress could lead to increased selling pressure on investors, who are already under pressure due to the high-stress zone.

In contrast, if the indicator falls below 70 and momentum remains negative, stress and selling pressure will decrease.

However, if BTC falls below its monthly low of around $61,500 and the indicator rises above 90, selling pressure on BTC could increase further, leading to further declines.