Bitcoin failed to hold above $80,000 after its recovery and retreated to around $75,000, where it has moved sideways for three days.
Weak spot demand, outflows from Bitcoin ETFs, and rising short positions are putting pressure on the recovery, even as some large wallets continue to accumulate BTC.
KEY CONTENT
More than $290 million in short positions were liquidated, helping push Bitcoin prices higher during the rebound.
The monthly average spot volume delta was negative on both Binance and Coinbase.
Whales on Hyperliquid increase short positions as Bitcoin ETFs record net outflows.
Bitcoin’s rebound and accumulation activity
Bitcoin’s rally was partly supported by the liquidation of short positions, triggering a short squeeze. According to CryptoQuant, more than $290 million in short positions were liquidated, further strengthening the rally.
Stablecoin supply fell by around 5% over the past month, possibly reflecting some capital shifting into Bitcoin and other crypto assets. However, this decline does not precisely indicate how much capital flowed into BTC.
The Drift Protocol hacker opened a long position after swapping $13 million in USD Coin (USDC) for Bitcoin on Hyperliquid. Some large wallets also accumulated BTC, but apparent demand remained negative.
Why is Bitcoin struggling to hold the $80,000 level?
Bitcoin is under pressure from weak spot demand, ETF outflows, and BTC transfers to exchanges by short-term holders. Transfers to exchanges do not prove that the BTC was sold.
Metric Value Range or period Average net spot volume delta -$28 million Binance, monthly average Average net spot volume delta -$9.4 million Coinbase, monthly average BTC transferred to exchanges by short-term holders Approximately 32,700 BTC During the month Net outflows from Bitcoin ETFs $412 million Bitcoin ETFs BTC sold at IBIT $403 million BlackRock IBIT, its largest outflow
On Hyperliquid, whales increased their short positions, and net positioning shifted to a bearish bias for the first time in seven months. The Coinbase Premium Index, which tracks the price difference between Coinbase and Binance, also remained negative.
Source: Glassnode
The last time BTC short positioning reached a similar level was in October 2025, after which the price fell to $60,000. Past price action does not reliably determine Bitcoin’s next move.
Signals to watch for a BTC recovery
Apparent demand, ETF flows, and buying pressure in the U.S. are signals to watch as Bitcoin consolidates around $75,000. A return of buying activity could help offset pressure from short positions, but demand indicators need to improve to support a recovery.
Summary
Bitcoin has retreated to around $75,000 after failing to hold above $80,000. While some large wallets have accumulated BTC, weak spot demand, net ETF outflows, and growing short positions continue to weigh on the price.
Source: https://tintucbitcoin.com/du-bao-gia-bitcoin-mat-moc-80-000-usd-btc-se-giam-tiep/
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