#Gate广场五月交易分享 Crypto Daily (05.03): Bitcoin fluctuates near $80k key resistance, institutions continue to increase holdings but options market remains cautious

1. Analysis of Bitcoin price trends and market dynamics
2. In early May 2026, Bitcoin rebounded from below $75k, rising to around $78k and oscillating near the $80k key resistance level, with a total market cap of approximately $1.57 trillion.
3. Currently, bulls and bears are battling within the $75k-$80k range. Institutional spot demand (continued net inflows into Bitcoin ETFs) supports the price, but the derivatives options market prices only a 25% chance of Bitcoin breaking through $84k by the end of May, with a generally cautious attitude.
4. There are differing opinions among institutions and analysts on the future trend, with most considering $76k as a key support and $80k as a critical breakout resistance. Bitcoin’s price movement is influenced by macro geopolitical situations, regulatory expectations, and capital flows.
5. Analysis of Bitcoin institutional and market participant holdings
6. Several traditional financial institutions continue to increase their Bitcoin holdings, with Morgan Stanley buying 286.7 BTC, BlackRock’s Bitcoin spot ETF purchasing $284 million worth of BTC in a single day, and Canada’s large pension fund AIMCo investing in MicroStrategy stock, realizing $69 million in unrealized gains. Demand for Bitcoin from institutions remains strong.
7. Nasdaq-listed Bitcoin mining company Bitdeer maintains a strategy of mining and immediately selling all mined BTC. After producing 186 BTC in a week, its net holdings remain zero, a zero-hold strategy that has persisted.
8. Since 2026, large net outflows of Bitcoin from centralized exchanges have continued. On May 2, a newly created whale wallet withdrew 1,051 BTC (worth about $80k) from Binance, reflecting increased long-term self-custody demand for Bitcoin.
9. Bitcoin technology, ecosystem, and other industry updates
10. In response to the quantum attack risk on old Bitcoin addresses, the industry proposed a new protection called PACTs, allowing dormant holders like Satoshi to prove ownership without moving their coins, addressing the shortcomings of the previous BIP-361 proposal.
11. Paul Sztorc’s Bitcoin eCash fork project faced collective opposition from community developers, who pointed out operational security risks, unfair distribution rules, and violations of Bitcoin’s native ownership principles.
12. Developers launched a new tool based on CUDA drivers to attempt recovering 8,999 BTC lost in 2010 (currently worth about $688 million). Successful validation could enable the recovery of Bitcoin from millions of abandoned wallets worldwide.
13. Brazilian publicly listed company OranjeBTC received approval to issue Bitcoin-backed bonds worth 210 million reais. Latin American crypto market statistics show nearly 40% of crypto purchases involve stablecoins, with USDC purchases surpassing BTC.