After a 24% rebound in one week pushing Bitcoin back above $79,000, several technical and on-chain indicators suggest a major correction risk. Short-Term Holders (STH) are massively transferring their BTC to exchanges, with inflows exceeding the 25,000 coins threshold, a level historically associated with rising selling pressure. Call options volume on BlackRock’s IBIT Bitcoin ETF hit an all-time record of 1.58 million contracts, signaling euphoric positioning typical of final rally phases. Record inflows of $1.9 billion into spot ETFs last week demonstrate solid institutional demand, but this will need to absorb the wave of profit-taking to avoid a severe correction, according to analysts. To confirm a return of the bull run, a weekly close above $82,470 to $83,000 would be required, while a rejection in the $78,000 to $80,000 zone could pull BTC back to $70,000 or even $56,000.
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