BTC tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge
CoinDesk
Bitcoin struggles to break $80,000 as Asian liquidity shifts toward booming mainland China AI and technology IPOs in Hong Kong.Summary
Bitcoin is facing difficulty maintaining momentum above $80,000, as on-chain data identifies a short-term realized price of $80,700 acting as significant resistance. While Western markets have primarily fueled the rally, Asian participation has waned due to dormant spot Bitcoin ETFs and a local rotation of capital into high-growth AI and tech IPOs in Hong Kong. Market analysts suggest that without consistent global liquidity, Bitcoin remains rangebound, with the upcoming U.S. payrolls report serving as a critical indicator for future price direction.
(Source：CoinDesk)