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Bitcoin faces test at $76,000 as whale selling checks rally

Bitcoin is trying to push higher around $76,875 as selling pressure eases, but large whale wallets and a smart money index still tilt toward selling. Binance Research sees sellable supply shrinking, citing on-chain indicators such as dormant coins and lower exchange balances. Short-term holders’ profitability has improved, but wallets holding 100,000 to 1 million BTC reduced their supply share. Key levels include $75,975 support and $78,595 resistance.