Bitcoin orderbook imbalance grows at $70K as sell-side liquidity hits 2-month high

Bitcoin’s sell-side liquidity recently climbed to a two-month peak, with ask orders around the $70,000 level outweighing bids by roughly 40% within a 5% price band. Orderbook data and net taker volume metrics show a setup similar to January 2026, while short-term holders are largely positioned between $86,000 and $99,000, potentially capping near-term rebounds. Realized profit and loss figures suggest selling pressure has eased compared with February, but a sustained recovery may depend on Bitcoin regaining higher resistance zones where many recent buyers break even.