Bitcoin remains around $78,000 to $78,500 today with sideways fluctuations. The market is at a critical point of bullish and bearish battles, with $80,000 serving as a strong psychological and technical resistance. Over the past 24 hours, the total liquidation amount across the network reached $282 million, with bears slightly dominating. The Federal Reserve's hawkish stance has limited macro liquidity expectations, but institutional buying still provides support: the US spot Bitcoin ETF saw a daily net inflow of $629.8 million, and the leverage structure has improved after derivatives clearing. The options market prices only about a 25% chance of breaking above $84,000 by the end of May, indicating that derivatives investors remain cautious about further upside. Overall, short-term momentum mainly comes from institutional spot buying and short squeeze, but macro tightening conditions still pose constraints. $BTC #美国寻求战略比特币储备