The post Bitcoin Faces Key $80K Resistance as ETF Inflows and Whale Buying Rise appeared first on Coinpedia Fintech News
Bitcoin briefly touched $80,000 for the first time in weeks before slipping back near $79,000, setting up a major market battle. Spot Bitcoin ETFs attracted $600 million in inflows on May 1, while whales accumulated 270,000 BTC over the past month — the largest buying spree since 2013. Meanwhile, exchange reserves dropped to a seven-year low, tightening available supply. A breakout above $80K could quickly push BTC toward the $84K-$88K range, while another rejection risks a deeper correction toward $66K.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact
crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.