#Gate广场五月交易分享 1.65 Billion Short Positions Sacrificed! Institutions Sweep Up 2.7 Billion in Massive Volume—Deep Data Reveal Bitcoin Breaks 80k

I. Macroeconomic Risks Fully Priced In and ETF Buying Momentum Insights into Bitcoin Surpassing 80,000
Latest macro data shows that tensions in the Middle East are showing signs of substantial cooling, directly triggering a return of risk appetite in global markets. Even more favorable is that US spot Bitcoin ETFs attracted an astonishing $2.7 billion in net inflows over the past three weeks, pushing total assets past the $100 billion mark.
This “hard currency” buying led by compliant Wall Street funds is rapidly taking Bitcoin’s pricing power away from retail investors. When institutions absorb chips at five times the rate of production, physical resistance on the chart has already dropped to zero.
From the marginal improvement in this macro environment and continuous ETF fund buying, the objective answer to the core question of Bitcoin surpassing 80,000 is: this is not only a technical breakthrough but also a declaration of value sovereignty based on scarcity.
After experiencing the baptism of energy and warfare in April, digital gold has completed its ultimate upgrade of the safe-haven narrative.
II. The 165 Million USD Short Fuel Release Reveals the Physical Engine Behind Bitcoin Surpassing 80,000
One of the core indicators assessing whether the market trend is sustainable is the leverage liquidation efficiency in the derivatives market. Today’s Bitcoin liquidation data of up to $165 million signals a “short squeeze ignition” that all professional traders should be alert to.
In the past 24 hours, after a brief dip below $80,000, BTC quickly launched a vertical surge. Data shows that total contract liquidations across the network reached $165 million. In this massive liquidation pool, short positions dominated overwhelmingly, with $154 million in short positions wiped out during the breakout.
The real brutal kill shot is hidden in the micro slice of the last 12 hours. Even as the price surged to $81k, shorts kept testing the high in despair.
In the total liquidation of $43.51 million over 12 hours, shorts accounted for $36.45 million. Longs only saw $7.06 million liquidated.
This chart, where longs are nearly unaffected and shorts become fuel, is the physical key to understanding Bitcoin’s breakthrough of 80,000: when short stop-loss orders are forced to turn into market buy orders, the market has already formed a self-reinforcing upward hurricane, where any selling will be instantly swallowed by these short-covering buy orders.
III. Retail Traders’ 0.51 Extreme Bearishness and Major Holders’ 0.76 Defiance Reveal the Next Move
If micro liquidation data are the already achieved battlefield results, then the severe breakdown of the long-short ratio directly exposes the extremely distorted “fear of high prices” bias among all network funds when facing the 80,000 threshold. This is the most scientific and objective radar for judging whether the market is in a breakout phase.
The data panel shows that overall market sentiment is extremely uncomfortable at new highs. Currently, the BN regular account’s long-short ratio has fallen below the critical threshold, reaching an astonishing 0.5138. OK’s retail traders’ long-short ratio is only 0.59.
This means that the number of bears is almost twice that of bulls! Retail traders are recklessly piling up shorts above 80,000 based on the experience that “it must fall after rising too much.”
However, the main capital controlling the pricing power has given an extremely cold-blooded bait to induce shorting.
In the BN top-tier traders’ long-short ratio, which represents real fund volume, the value has shrunk to 0.7635 but remains far above the retail level of 0.51.
This extreme divergence—retail accounts being extremely bearish (0.51) while large holders’ positions are relatively high—powerfully explains the subsequent direction after Bitcoin surpasses 80,000: as long as retail traders remain around 0.51 and short positions are still crowded, the main force’s upward push will never stop.
The current 81k is not the end but the starting point of this rally before these short fuel reserves are completely exhausted.