This morning $BTC is trading above $80,600, its highest level since January. But the move wasn't by chance. Here's the real scoop:
Why did it pump?
- Bitcoin ETFs in the U.S. saw $2.44 billion in inflows during April, the best month of the year. BlackRock remains the largest institutional buyer.
- Tensions between the U.S. and Iran have eased, which has reduced fear in global markets.
- Over $150 million in short positions were liquidated in just one hour when $BTC crossed $80K.
What do the on-chain data say?
Institutions are absorbing over 500% of the $BTC mined daily. Historically, when this happens, $BTC tends to rise an average of 24% in the following month.
What's next?
The $84,000–$85,500 zone is the next key resistance. If $BTC closes above $80K for several days, the path to $90K opens up. If it can't hold, there's support between $78,000–$79,000.
$ETH is also climbing, trading at $2,370, though it still hasn't broken its April high of $2,460.
What do you think? Will $BTC hit $100K in 2026?👇
