Current price:
~$79,800, down roughly 37% from its all-time high of $126,080. Market cap sits around $1.6 trillion, still comfortably the #1 crypto asset with roughly 20.08 million BTC in circulation out of the fixed 21 million cap.
Recent trend: Bitcoin has had a rough stretch — after topping out near $126K, it's been on a sustained slide, recently getting rejected at resistance around $82,400. A surprise US jobs report pushed it back below the $80K level, and on-chain data shows long-term holders recently realized profits on ~110,000 BTC, adding selling pressure. That said, BTC is still up about 24% over the past month and roughly 2% over the past week, suggesting some short-term stabilization within the broader downtrend. Year-over-year, it's down about 28%.
Key drivers:
Macro sensitivity — the jobs-report-driven drop shows BTC is trading heavily on Fed/rate expectations right now
ETF flows — despite the price weakness, Bitcoin ETFs pulled in $3.8B over the past three weeks, a sign institutional demand hasn't disappeared
Profit-taking pressure — large realized gains from long-term holders are a headwind on rallies
Technical levels — the $76,400–$82,400 zone is the key battleground; a break either way likely sets the near-term direction
Bottom line:
Bitcoin is in a clear correction phase, not just a minor pullback — down over a third from its highs. The tug-of-war between continued ETF inflows (bullish) and long-term-holder profit-taking (bearish) is what's keeping price pinned in this range for now.
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