Bitcoin (BTC) Price: Breaks $80,000 as US Spot ETFs Record Fifth Week of Inflows

TLDR

• Bitcoin broke above $80,000 late Sunday, up 2.6% in 24 hours
• US spot Bitcoin ETFs recorded a fifth straight week of inflows at $153.87 million
• US-Iran tensions continue to drive risk sentiment across crypto markets
• Analyst Michael van de Poppe targets $86–88K as first resistance, then $92–94K
• Some traders are warning of potential liquidity grabs before a possible reversal

Bitcoin climbed above $80,000 late Sunday, marking a break past a level that had capped price action over the weekend. The move came as investors tracked ongoing US-Iran negotiations and steady institutional buying through ETFs.

The world’s largest cryptocurrency rose 2.6% over 24 hours to $80,150 as of 11:40 p.m. ET Sunday. Ether gained 3.6% to $2,382, and XRP added 2% to $1.41.

Over $108 million in Bitcoin leveraged shorts were liquidated in just one hour as BTC held $80,000, according to Bitcoin Archive.

ETF Inflows Support the Move

US spot Bitcoin ETFs posted their fifth consecutive week of inflows, totaling $153.87 million last week, per SoSoValue data. Friday alone saw nearly $630 million flow into US spot Bitcoin ETFs.

Trader and analyst Michaël van de Poppe weighed in on X, saying Friday’s ETF inflows were a key signal. He set $79K as a crucial zone to break, with $86–88K as the first resistance area and $92–94K as the next key level if momentum holds.

Analyst Ted Pillows noted on X that BTC broke above $79,000 but faced rejection before eventually pushing through. He said reclaiming $80,000 raises the likelihood of Bitcoin filling the $84,000 CME gap.

US-Iran Tensions in Focus

The price move came as Trump announced “Project Freedom” on Truth Social — an initiative to guide stranded cargo ships through the Strait of Hormuz. Trump also said US representatives were having “very positive discussions” with Iran.

However, Iranian official Ebrahim Azizi warned that any US interference in the strait would violate the ceasefire. Brent crude climbed to $108.49 per barrel.

Finishing the week above $78,670 would have been Bitcoin’s highest weekly close since late January. Breaking $80,000 extended that further.

Some traders remained cautious. Crypto Tony flagged liquidity building below the current price. JDK Analysis described the setup as “typically bearish,” pointing to fresh longs opening into the highs while price showed signs of absorption.

Traders are watching May 7 initial jobless claims, US-Iran headlines, and ETF inflows as the key data points heading into the new week.

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