Bitcoin sellers take profits above $80,000, but ETF demand keeps $90,000 rally hopes alive
CryptoSlate
Bitcoin is testing the $80,000 level as veteran holders sell for profit, while robust institutional ETF demand supports potential further gains.Summary
Bitcoin is experiencing a significant market transition as it struggles to maintain momentum above the $80,000 threshold. While long-term investors are aggressively locking in profits—realizing over $1.1 billion in gains—this selling pressure is being absorbed by strong institutional demand from spot Bitcoin ETFs, particularly from BlackRock’s IBIT. Analysts suggest this turnover helps reset the market's cost basis, strengthening the structural floor for future growth. Furthermore, the liquidation of bearish short positions and potential regulatory progress, such as the CLARITY Act, provide additional tailwinds that keep the prospect of a rally toward $90,000 viable.
(Source：CryptoSlate)