#BTC突破81000美元 After Bitcoin broke through $80k, the market began discussing $100k again

Bitcoin suddenly climbed back above the $80k level. On the surface, this looks like a rapid rebound for BTC from its lows, but behind it are three forces emerging at the same time: capital inflows, improving regulatory expectations, and short covering.
For the crypto industry as a whole, this is a clear recovery in sentiment, but it is still a little too early to conclude that a new bull market has begun.
The strongest support for this rally is not news, but the fact that money is flowing back in.
U.S. spot Bitcoin ETFs recorded approximately $1.9 billion in net inflows over the past week, their strongest performance since October 2025, while trading volume also increased significantly. Bitcoin's biggest weakness in the past was that its gains were easily driven by leverage and sentiment. Once ETFs begin consistently absorbing market supply, the foundation of the rally will be much stronger than that of simple short-term speculation.
But there is also an easily overlooked data point here: even with $1.9 billion flowing back in recently, U.S. spot Bitcoin ETFs have still recorded approximately $2.9 billion in cumulative net outflows since the start of 2026. For now, this looks more like "large capital returning to test the waters," which does not yet prove that institutions have fully rebuilt their positions. So when judging whether this rebound can continue, do not just focus on how many percentage points BTC gains in a day. Look at one simple indicator: whether ETFs record net inflows for several consecutive weeks, or whether capital immediately exits again after a few days of gains.
The second line is regulation. If the U.S. CLARITY Act continues to advance, its core value is not to make Bitcoin rise in price out of nowhere, but to gradually clarify rules such as whether the SEC or CFTC is responsible for what, how trading platforms should operate, and how digital assets should be classified. The bill has passed the Senate Banking Committee and will next enter negotiations at the Senate level. (U.S. Senate Banking Committee) For Coinb, trading platforms, custodians, stablecoins, and institutional capital, the clearer the rules, the fewer concerns there will be about long-term capital entering the market. But the bill still faces significant controversy, so policy expectations can drive valuations, but cannot be treated as profits that have already materialized.
The third factor is actually the most dangerous: the rise has been too fast. BTC has already rebounded approximately 38% from its June low and is challenging the $80k level again. This kind of position can easily bring two forces into play at the same time: sidelined capital chasing the rally, while trapped holders from earlier and bottom-fishers take the opportunity to sell. So $80k is more like an "exam line" than a starting point that automatically leads to $100k.
To assess the market's next move, remember four words: capital, interest rates, policy, and price.
Sustained ETF inflows are a positive, rising Treasury yields are a source of pressure, regulatory progress is a catalyst, and whether BTC can turn $80k from resistance into support will determine whether this rally is merely a fierce rebound or the beginning of a new trend.

Do you think Bitcoin will challenge $100k again after breaking through $80k this time, or will this once again become a bull trap at the highs? Feel free to share your thoughts in the comments. $BTC