#Gate广场五月交易分享 Crypto Daily Report (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 critical resistance level of $80k, 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, indicating a generally cautious attitude.
4. There are differing opinions among institutions and analysts on the future trend, with most viewing $76k as a key support and $80k as a critical resistance level. Bitcoin’s price movement is influenced by multiple factors including macro geopolitical situations, regulatory expectations, and capital flows.
2. Bitcoin institutional and market participant holdings dynamics
1. Several traditional financial institutions continue to increase their Bitcoin holdings. Morgan Stanley bought 286.7 BTC, BlackRock’s Bitcoin spot ETF saw a single-day purchase of $284 million worth of BTC, and Canada’s large pension fund AIMCo invested in MicroStrategy stock holding Bitcoin, realizing $69 million in unrealized gains. Institutional demand for Bitcoin remains strong.
2. 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 been sustained.
3. Since 2026, there has been a continuous outflow of large amounts of Bitcoin from centralized exchanges. On May 2, a newly created whale wallet withdrew 1,051 BTC (worth about $80k) from Binance, reflecting a rising long-term demand for self-custody of Bitcoin.
3. Other developments in Bitcoin technology, ecology, and industry
1. 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 Bitcoin, addressing the shortcomings of the previous BIP-361 proposal.
2. The Bitcoin eCash fork project proposed by Paul Sztorc faced collective opposition from community developers, who pointed out security risks, unfair distribution rules, and violations of Bitcoin’s native ownership principles.
3. Developers launched a new tool based on CUDA drivers to attempt recovering 8,999 lost BTC from 2010 (currently worth about $688 million). If successful, this could be applied to recover Bitcoin from millions of abandoned wallets worldwide.
4. Brazilian publicly listed company OranjeBTC received approval to issue Bitcoin-backed bonds worth 210 million reais. Statistics from Latin America’s crypto market show that nearly 40% of crypto purchases involve stablecoins, with USDC purchases surpassing BTC.