Bitcoin's attempts to surpass the $70,000 mark have been hindered by weak liquidity, according to on-chain data analytics platform Glassnode. Since early February, each effort to reclaim this level has faced insufficient demand, resulting in price declines. Glassnode highlighted that even a net realized profit outflow of just over $5 million per hour can trigger a pullback. In contrast, during the market euphoria of Q3 2025, profit-taking volumes reached $200–350 million per hour, yet prices continued to rise, indicating stronger buying pressure at that time. The current market's thin liquidity environment poses challenges for Bitcoin to sustainably reach the $70,000–$80,000 range, with potential rebounds likely to be erratic.