#BTCBackAbove81000 BTC Back Above $81,000: Why $79k Held And What Next
BTC is back above $81,000 after 6 days below $80k, trading $81.3k at print, up $2,400 on day or +3.1%. High was $81,850, low was $79,200. Volume rose 28% to $38 billion across spot.
This move erases $1.9 billion of short liq. Data shows $420 million short liq on move from $80k to $81.5k, with $180 million in last 2 hours.
Why $79k Held
Three reasons.
One, ETF bid. Spot ETF saw net inflow of 4,038 BTC yesterday, equal to $328 million at $81k. That is 9x daily mined supply after halving at 450 BTC per day. IBIT added 2,410 B