Bitcoin is pushing back towards $65,000 after softer inflation data, but not everyone is buying the rally. On-chain data shows some experienced holders are already selling into the strength to lock in profits. That's not unusual after a sharp move higher. Strong rallies often attract profit-taking, but as long as fresh demand continues to absorb that selling pressure, the trend remains intact. The next big test is $65,700. If buyers can push through that level, I think the market starts looking a lot more interesting.
