#比特币站稳8万关口 #Gate广场五月交易分享 Bitcoin returns to $80k. Can ETF inflows help push it to the next level?
After Bitcoin rebounds to the critical $80k level, early holders show signs of taking profits, while institutional funds continuously support the market through spot Bitcoin ETFs.
Once Bitcoin stabilizes above $80k, a clear wave of profit-taking emerges in the market.
On-chain data shows that long-term holders with positions of 2 to 3 years are accelerating their sell-offs, with profit-taking volumes reaching $209 million per hour. These investors generally have gains between 60% and 100%.
The total net profit and loss across the entire network has risen to $1.12 billion, reaching the highest profit level since December last year.
Unlike traditional stock sell-offs that often trigger panic, the crypto market views large-scale profit-taking during an uptrend as a sign of healthy fundamentals.
Under the pressure of hundreds of millions of dollars in sell orders, Bitcoin still holds above $80k, confirming strong genuine buying demand in the market.
Meanwhile, the chips have been turned over; profit-taking at high levels has exited, new buyers are stepping in near $80k, reshaping the overall market position cost, solidifying bottom support, and short-term selling sentiment is stabilizing.
Spot ETFs are the core pillar stabilizing the market. In the first two trading days of May, net inflows into Bitcoin spot ETFs exceeded $1.1 billion, with over $600 million absorbed by products under BlackRock alone.
Currently, ETF funds show an extended inflow cycle and weakened outflows, indicating sustained institutional long-term allocation demand.
Industry analysts say that current institutional buying exceeds five times the daily new Bitcoin supply from miners. Based on historical trends, the average gains over the next month could be significant.
The derivatives market continues to squeeze out shorts. Since early February, short positions have been liquidated to a total of $7.88 billion.
Even as shorts keep adding at the $80k resistance level, they are repeatedly forced to close positions, further pushing the price upward.
Market forecasts indicate a 62% chance that Bitcoin will break through $85k by the end of the month, with a 25% chance of reaching $90k.
On the macro level, Bitcoin has withstood external negative factors such as Federal Reserve policies and oil price fluctuations, demonstrating strong resilience. However, technical resistance remains in the $82k to $83k range and at the 200-day moving average.
Easing geopolitical tensions reduce market volatility. The U.S. crypto industry regulation bill has entered the review stage, and regulatory certainty expectations have boosted institutional confidence. The industry generally believes that a crypto market recovery cycle has begun.
Therefore, the battle between bulls and bears at the $80k threshold appears more like Bitcoin transitioning from a retail speculative asset to an institutional allocation asset.
As long as ETF institutional buying continues to absorb profit-taking pressure, Bitcoin has a solid fundamental support to challenge the next key resistance level.
After Bitcoin rebounds to the critical $80k level, early holders show signs of taking profits, while institutional funds continuously support the market through spot Bitcoin ETFs.
Once Bitcoin stabilizes above $80k, a clear wave of profit-taking emerges in the market.
On-chain data shows that long-term holders with positions of 2 to 3 years are accelerating their sell-offs, with profit-taking volumes reaching $209 million per hour. These investors generally have gains between 60% and 100%.
The total net profit and loss across the entire network has risen to $1.12 billion, reaching the highest profit level since December last year.
Unlike traditional stock sell-offs that often trigger panic, the crypto market views large-scale profit-taking during an uptrend as a sign of healthy fundamentals.
Under the pressure of hundreds of millions of dollars in sell orders, Bitcoin still holds above $80k, confirming strong genuine buying demand in the market.
Meanwhile, the chips have been turned over; profit-taking at high levels has exited, new buyers are stepping in near $80k, reshaping the overall market position cost, solidifying bottom support, and short-term selling sentiment is stabilizing.
Spot ETFs are the core pillar stabilizing the market. In the first two trading days of May, net inflows into Bitcoin spot ETFs exceeded $1.1 billion, with over $600 million absorbed by products under BlackRock alone.
Currently, ETF funds show an extended inflow cycle and weakened outflows, indicating sustained institutional long-term allocation demand.
Industry analysts say that current institutional buying exceeds five times the daily new Bitcoin supply from miners. Based on historical trends, the average gains over the next month could be significant.
The derivatives market continues to squeeze out shorts. Since early February, short positions have been liquidated to a total of $7.88 billion.
Even as shorts keep adding at the $80k resistance level, they are repeatedly forced to close positions, further pushing the price upward.
Market forecasts indicate a 62% chance that Bitcoin will break through $85k by the end of the month, with a 25% chance of reaching $90k.
On the macro level, Bitcoin has withstood external negative factors such as Federal Reserve policies and oil price fluctuations, demonstrating strong resilience. However, technical resistance remains in the $82k to $83k range and at the 200-day moving average.
Easing geopolitical tensions reduce market volatility. The U.S. crypto industry regulation bill has entered the review stage, and regulatory certainty expectations have boosted institutional confidence. The industry generally believes that a crypto market recovery cycle has begun.
Therefore, the battle between bulls and bears at the $80k threshold appears more like Bitcoin transitioning from a retail speculative asset to an institutional allocation asset.
As long as ETF institutional buying continues to absorb profit-taking pressure, Bitcoin has a solid fundamental support to challenge the next key resistance level.
