Bitcoin [BTC] surpassed the $79,000 level as it extended its five-day rally to more than 30%. Institutions have mixed actions, as BlackRock continues to buy while others like Jump Crypto are taking profits.

The retracement back to $77K after massive liquidations hints that a bigger correction might be coming. Here are the full details of what follows after hitting the $79K wall.

Jump Crypto’s BTC sell triggers massive liquidations

After Bitcoin recovered massively from the correction that saw it revisit the $60K zone, some institutions have started offloading. For instance, Jump Crypto moved 1.14K BTC, valued at $89 million, to Binance’s hot wallet to sell.

The activity was completed in two transactions of $8.10 million and…