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Several Bitcoin (BTC) market indicators point to $80,000 as the next key destination. On Friday, BTC rose 2.52% to trade above $78,800 after holding support at the 100-day exponential moving average (100-EMA). Spot demand also strengthened, with cumulative volume delta (CVD) reaching 11,500 BTC—its highest level since Feb. 17.
Bitcoin rebounded from the 100-day exponential moving average after retesting the daily trend over the past two days. The move kept the short-term uptrend intact, with the 100-EMA continuing to act as dynamic support on the daily chart.
At the same time, spot buying pressure increased. The spot CVD, which measures net buying versus selling, rose to 11,500 BTC, indicating that buyers were absorbing supply during the recent dip.
Derivatives activity is also expanding. Aggregated open interest increased 6.64% to 257,000 BTC over the past 24 hours, suggesting fresh positioning as Bitcoin consolidates below $80,000.
The uptick follows a leverage flush of roughly 9,000 BTC, indicating that excess positioning was cleared as the leveraged market rebuilt.
Futures CVD adds additional context: futures volume recovered to 98,300 BTC, signaling a return of net buying pressure. However, it remains below the levels recorded during the April 27 correction, implying positioning is still developing.
Liquidity appears to be clustered in the $78,000–$80,000 range. The article notes $2.1 billion in short positions at risk, which could contribute to a short squeeze around the key level.
Institutional activity is described as supportive. The 30-day change in OTC desk balances fell to around -20,700 BTC, matching levels last seen in March 2025. Lower balances suggest BTC is moving off desks, reducing immediately available supply.
ETF flows show a similar pattern. ETF flows reached $1.97 billion in April, and Ecoinometrics cited a nine-day streak of inflows—the longest in 2026.
“The last time flows showed this kind of persistence was right before the October 2025 peak. Not saying we’re there yet, but it tells you the direction is improving.”
The near-term focus is on how long inflows sustain and whether liquidity above $80,000 thins as spot, futures, and institutional participation increase.
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