Bitcoin hovers around $80,350, not breaking the $82k resistance, with ETF cost basis, 200-day moving average, and CME gap overlapping. The CLARITY Act passes the Senate, regulatory optimism, institutional funds continue to flow out, with a net outflow of about -$88 million per day on the 7th. U.S. Treasury yields rise, the 10-year yield is about 4.52%, April CPI year-over-year is 3.8%, rate cut expectations are delayed, geopolitical conflicts push energy prices higher. Options show resistance at $82k-$84k, with $77k as a key support; if it falls below and leverage is not reduced, a deleveraging phase may begin.

MeNews

2026-05-24 11:32:07

Abstract generation in progress

ME News Report, May 15 (UTC+8), Bitcoin price remains around $80,350, up only 0.8% in the short term, continuing to face pressure after multiple failed attempts to break through the $82,000 resistance level. This range is seen as a confluence of resistance levels including the ETF cost basis, the 200-day moving average, and the CME gap fill area. Although the U.S. CLARITY Act has passed the Senate Banking Committee, bringing positive expectations for crypto regulation, institutional funds continue to withdraw. Data shows that the net outflow of U.S. spot Bitcoin ETFs over the past 7 days has fallen to an average of -$88 million per day, the largest outflow since mid-February. Analysts believe this selling pressure is more about profit-taking rather than panic selling. On the macro front, rising U.S. Treasury yields are a key source of pressure. The 10-year U.S. Treasury yield has risen to about 4.52%, hitting a 10-month high, while April’s CPI increased by 3.8% year-over-year, the highest in three years, further delaying market expectations of Fed rate cuts. Analysts point out that geopolitical conflicts are driving up energy prices, intensifying inflation pressures and weakening the appeal of risk assets. From an institutional perspective, some believe the current ETF outflows are part of portfolio rebalancing rather than a trend of retreat. The options market shows that Bitcoin faces significant resistance in the $82,000–$84,000 range, with $77,000 serving as a key support level. If prices fall below this range and leverage remains high, the market could enter a deleveraging phase, increasing the risk of a correction. (Source: ChainCatcher)

BTC0.57%

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DaoSideQuest

· 1h ago

CME gap + 200-day moving average + ETF cost, three lines converging is quite interesting

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0xLateDiner

· 2h ago

88 million daily outflow, is GBTC PTSD going to relapse?

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SandwichMev

· 13h ago

4.52% ten-year bonds, rate cut dreams shattered, risk assets struggling

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GasInTheHourglass

· 15h ago

Geopolitical tensions cause oil prices to rise, making inflation harder to control, and the Fed finds it more difficult to pivot.

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SlippageSiren

· 22h ago

If the deleveraging phase comes, remember to keep some bullets to buy the dip.

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MintStop-LossPatch

· 22h ago

The trend of U.S. Treasury yields is pulling liquidity out of crypto.

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GateUser-7919e6b9

· 23h ago

If you haven't broken through, you haven't broken through; don't deceive yourself.

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GlassFishTankArbitrage

· 23h ago

84k options resistance stacked into a mountain, only breaking through with increased volume will do

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RugproofRookie

· 23h ago

Regulatory positive news is positive, but price action says nothing

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NonceNinja

· 23h ago

Wandering at 80,350, both bulls and bears are waiting, who will act first

View OriginalReply0

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Analysis: Bitcoin fluctuates between regulatory favorable news and rising yields, with continuous ETF outflows putting downward pressure on the price.

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