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Bitcoin switches to “risk-on” mode—growth momentum opens the door to a potential $85,000 touch?
Bitcoin has just logged a notable breakout as it returned to the $80,000 mark—the highest price level in three months. The rally is unfolding as the global financial market shifts into a “risk-on” state, with U.S. stocks, especially the Nasdaq 100 index, continuously setting new highs.
- Bitcoin rises above $80,000 for the first time in 3 months, liquidating more than $270 million in short positions
- Miner profits improve; ETF funds flow back in, helping to ease selling pressure
- Options data and dominance indicate that market sentiment is tilting to the upside
$BTC