1.63 trillion dollars, with buyers defending the key $80k area.



Institutional demand is a major driver of the rise. U.S. spot Bitcoin funds have experienced five consecutive weeks of inflows, adding over $2.4 billion in April alone. BlackRock IBIT continues to lead the inflows, while institutions like Morgan Stanley hold around 2,620 Bitcoins (~$205 million). Goldman Sachs is also moving toward exposure to Bitcoin funds, boosting long-term confidence in the $80,000–$82k range.
Technically, Bitcoin remains in an upward structure.

Daily and 4-hour moving averages are aligned bullishly, and the ADX indicator confirms the strength of the trend. However, short-term indicators suggest a potential consolidation before the next move.
Key Bitcoin levels: • Resistance: $82,600 → $84,000
• Breakout: above $85k
• Support: $80k → $78,500
• Deeper correction: $75k → $70k
Volume increased during the push above $81,000, confirming genuine buying interest. About $271M was liquidated in short positions, also supporting the upward movement$BTC #GateSquareMayTradingShare
BTC-1.65%
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