Bitcoin has recently shown strong momentum, returning to the $80k mark.

On May 4, 2026, Bitcoin briefly surged to $80,594, hitting a three-month high since the end of January this year.
This powerful rebound is not accidental but the result of multiple positive factors working together:
💰 Institutional funds continue to flow in
This is the core support force. U.S. spot Bitcoin ETF funds have been steadily flowing in on a large scale, with a net inflow of as much as $630 million just last Friday (May 1).
Meanwhile, on-chain data shows that “whale” addresses holding more than 1,000 BTC have accumulated a total of 270k BTC over the past 30 days, marking the largest single-month buying record since 2013.
📜 Positive regulatory and legislative expectations
Market optimism about the advancement of U.S. cryptocurrency policies is increasing.
U.S. lawmakers reached a compromise on the Clarity Act, retaining a reward mechanism linked to usage behavior for key stablecoin yield provisions, clearing obstacles for the cryptocurrency policy to advance in the Senate and greatly boosting trader confidence.
📈 Market sentiment and short squeeze
Recently, Asian stock markets approached historic highs, and tech stocks exceeded expectations, with global investors’ risk appetite clearly warming.
After Bitcoin broke through the $80k psychological threshold, it triggered a chain reaction, with about $1.4 billion in short positions facing liquidation risk.
A large number of shorts were forced to close (a “short squeeze”), further amplifying the upward momentum.
Currently, Bitcoin’s price is fluctuating near the $80k mark.
Market analysis suggests that if it can firmly hold above $80k, it will provide further upward momentum for the asset, with the next bullish target possibly around $85k;
but if it cannot hold, it may retest the support zone between $76k and $77k.
Note: Cryptocurrency markets are highly volatile. The above information is purely objective market data and does not constitute any investment advice. Please make cautious decisions.
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