Bitcoin has been bouncing back near $79,000 for eight straight trading days. Even yesterday, it fell 2.4% and traded in the $76,900 range, and this level is now acting like a ceiling. Ethereum dropped 3.7%, and Solana also slipped lower. While altcoins like Solana have been showing weakness over the past 24 hours, XRP is moving around $1.39 and BNB is near $625.

Opinions are split among market analysts. One side says spot demand has revived as retail investors return, while the other believes the rally was driven by a short squeeze in the futures market. With funding rates in negative territory, it suggests that the short-selling forces are currently taking losses—meaning this could soon be resolved. Mike Novogratz of Galaxy Digital pointed out that the return of U.S. retail investors and whale accumulation are happening in tandem.

What’s interesting is the moves by corporations. Strategy bought $3.9 billion worth of Bitcoin during the month of April, and Japan’s Metaplanet also issued $50 million in bonds to secure additional funds for buying. This kind of institutional demand feels like it’s helping support the floor.

The reason this week matters is the Federal Reserve’s policy decision on Wednesday and big tech earnings announcements. This could be a catalyst that pushes Bitcoin above $80,000; otherwise, the current level could solidify into a true ceiling rather than a simple rebound. It’s also worth considering that risk-on sentiment has weakened as oil prices rise to more than $109 per barrel due to tension in the Strait of Hormuz. It looks like the future moves of major tokens—including Solana—will be heavily influenced by this week’s broader macro trends.