Bitcoin rally past $79,000 faces correction risk as institutions sell

Bitcoin surpassed $79,000 and extended a five-day rally that the latest account puts at more than 30%, compared with an earlier estimate of 26% to nearly $79,500. The advance followed a recovery from the $60,000 zone, but selling by Jump Crypto and a large whale added more than $300 million in pressure. Long liquidations exceeded $647 million after Bitcoin retraced to $77,000, while an RSI above 80, heavy sell orders between $79,000 and $80,000, and weakening hourly-chart indicators pointed to correction risk. The broader crypto market remained relatively strong, leaving open the possibility that the decline is only a short-term pullback.

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