The $80,000 Line Is Back In Play

Bitcoin has reclaimed the level traders were watching. According to Bitcoin Magazine, the Bitcoin price crossed $80,000 late Sunday and into Monday, briefly reaching $80,750 after a roughly 2% move over 24 hours. The article framed $80,000 as a psychological resistance zone that could now become support if buyers hold the line.

The move matters because $80,000 is not just a round number. It sits inside a price band where analysts see long-term trendlines converging, and the next path depends on whether Bitcoin converts resistance into support or slips back into the $70,000s. Bitcoin Magazine described the upside roadmap as a continuation toward $86,000 if momentum confirms.

"major psychological resistance zone"

The rally also arrived with institutional fingerprints. Bitcoin Magazine reported $1.97 billion in net inflows into Bitcoin ETF products during April, reversing a previous two-week outflow trend. United States spot Bitcoin exchange-traded funds (ETFs) also logged a fifth straight week of net inflows, totaling $153.87 million last week, according to the same report.

Shorts Paid For The Move

The derivatives market supplied the accelerant. NewsBTC, via TradingView, reported that more than $371 million in Bitcoin and crypto contracts were liquidated over 24 hours as prices surged. Short positions accounted for about $302 million of that total, meaning more than 81% of the liquidations came from traders betting against the market.

Bitcoin-linked positions made up the largest share, with more than $179 million in contracts liquidated. Ethereum was second at $95 million, and the two largest assets together accounted for roughly 74% of the derivatives flush. That is the healthy part of the move. Leverage was punished, bearish positioning was forced to cover, and the next leg, if it comes, starts from a cleaner base than a crowded perp casino.

Cointelegraph's TradingView mirror added the on-chain pressure point. Bitcoin's rally to $80,000 placed price just below the short-term holder realized price of $81,486, which tracks the average cost basis for coins moved over the last 155 days. A daily close above roughly $81,500 would return many recent buyers to profit and reduce the incentive to sell into relief.

Recent Buyers Are The Next Test

Cointelegraph also reported that short-term holder losses narrowed to about 2.17%, while long-term holders remained near 27% profit and were not distributing aggressively. The spent-output profit ratio (SOPR), a metric that tracks whether coins are spent at a profit or loss, rose to 1.097 from 0.99, indicating coins were again being spent at a profit.

Exchange flow data supported the same picture. Recent deposits were dominated by short-term holders, with wallets holding 1 to 1,000 BTC accounting for roughly 58% of the flow. Bitcoin inflows reportedly fell from 35,649 BTC on April 24 to 3,895 BTC by May 3. That compression suggests less immediate sell pressure, but it also keeps $81,500 in focus because recent buyers still need confirmation.

Bitcoin Magazine added a broader backdrop: a Golden Cross is forming on the daily chart as the 50-day moving average approaches the 200-day moving average. The cross has not confirmed, but rising shorter-term averages, ETF demand, and whale accumulation between $75,000 and $78,000 all reinforce why the market is watching this zone so closely.

Why It Matters

Bitcoin rallies are healthiest when forced leverage gets cleaned out before the next advance. The $300 million short flush is not a victory lap by itself, but it removes weak bearish fuel and gives spot demand a cleaner stage.

The real signal is whether institutions keep buying and recent holders stop selling. If $81,500 flips short-term holders back into profit, Bitcoin can move from relief rally to conviction rally. If it fails, $80,000 remains a headline instead of a floor.