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Bitcoin stalls near $74K after failing to break $76K resistance, driven by supply squeeze from STRC-funded buyer.

Market News
15 Apr 2026
Bitcoin
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Neutral
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Bitcoin retreated from a $76,000 resistance level to trade around $74,000 on April 15, 2026, with its market cap dropping from $1.52 trillion to $1.48 trillion. Bitfinex analysts attribute the price move not to broad demand but to a supply squeeze caused by Strategy's purchase of nearly 14,000 BTC using STRC stock, removing about 2,000 BTC daily from the market. This mechanical supply squeeze has pushed prices higher but may be nearing its limit. A daily close above $75,000 is needed to confirm a sustained breakout; otherwise, prices could fall back to the $70,000-$71,000 range.

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