After reclaiming $80,000, Bitcoin [BTC] traded near $81,000 at the time of writing, marking its strongest level since late January and shifting short-term structure. This follows a steady recovery from near $60,000, where higher highs and higher lows began to form. As the price holds above $80K, pullbacks remain shallow toward $79K, showing that buyers are actively defending the level. This shift happened as demand absorbed the prior overhead supply, turning resistance into support. Meanwhile, the RSI near 68 showed building momentum without reaching exhaustion. However, price began to compress near highs, signaling hesitation. If demand expands, a continuation toward $82K to $85K will become likely; if not, rejection could rotate price back toward $75K to $78K. Fading STH selling supports price stability above $80K As the price held above $80K, Short-Term Holder (STH) behavior shifted, which explained the current stability. According to analyst Darkfost, previously, inflows above 100,000 BTC marked heavy distribution, yet now they compress near 36,500 BTC. This decline signals holders are delaying selling, likely expecting higher prices rather than exiting early. Meanwhile, Realized Profit inflows remained near 13,000 BTC, reinforcing that profit-taking stayed limited. As a result, sell-side pressure weakened, allowing price to maintain structure with fewer sharp pullbacks. However, demand does not expand aggressively, keeping the move controlled. This dynamic implies that stability improved, yet further upside still depends on fresh demand entering the market. Binance-led short squeeze drives fragile upside momentum As sell-side pressure faded, attention shifted to what was actively driving the move. On Binance, CVD turned strongly positive at press time, reflecting aggressive taker buying as shorts unwind. This followed heavy short positioning near 63%, which explains the short liquidations fueling rapid upside. As these positions get squeezed, price expands through forced buying rather than organic demand. However, OKX shows a different stance, with positioning leaning slightly bearish and participation lagging. This divergence signals the rally lacks broad confirmation. As a result, momentum persists yet remains fragile, implying continuation depends on wider participation, not isolated exchange-driven flows. Final Summary BTC holds above $80K as STH selling fades, but continuation toward $82K–$85K still depends on fresh demand. Bitcoin upside remained Binance-driven, yet weak cross-exchange confirmation signals fragile momentum and potential reversal risk.
Bitcoin’s $80K breakout stands on uneven ground – Will BTC hold steady?
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