Bitcoin Crosses $80,000 as 28% Rally Triggers Liquidations and ETF Inflows
Bitcoin has shattered the $80,000 mark following a relentless eight-day 28% surge. Massive institutional ETF inflows, shifting US Treasury buyback mechanics, and a brutal squeeze on short positions accelerated the breakout. Traders are now watching to see if momentum holds above key resistance levels.
Bitcoin broke through the psychological $80,000 barrier after a relentless eight-day rally that racked up 28% in gains. The surge swept through perpetual order books, triggering heavy short liquidations across major venues.
Institutional capital provided the main engine, with spot ETF inflows surging alongside structural changes in US Treasury buyback programs that injected fresh liquidity into macro markets.
As leverage flushes and spot demand commands the order book, all eyes are locked on whether bulls can flip previous resistance into long-term support.