Bitcoin has officially surpassed the $80,000 mark, currently trading around $80,150, up approximately 2.6% in 24 hours, boosting the entire crypto market. ETH recorded a 3.6% increase, while XRP also edged up by 2%.

According to Nick Ruck (LVRG Research), this breakout has broken through an important resistance zone that had been suppressing prices all weekend, indicating that short-term momentum is shifting clearly to the positive. At the same time, Dominick John (Zeus Research) believes that the current upward trend is also driven by “short squeeze” pressure — when short positions are forced to close.

From a capital flow perspective, US spot Bitcoin ETFs have experienced their fifth consecutive week of inflows, with about $154 million in the most recent week. This reflects that institutional allocation demand remains stable.

In the short term, if capital continues to flow in along with macroeconomic uncertainties, Bitcoin is likely to maintain high volatility. The market will especially monitor economic data and changes in risk appetite to determine the next direction.