LOAN

Bitcoin is holding near the critical $80,000 level as weakening institutional demand and investor caution weigh on sentiment ahead of major economic data releases and corporate earnings.

Notable Statistics:

• Coinglass data shows 68,463 traders were liquidated in the past 24 hours for $200.42 million.       
• SoSoValue data shows net outflows of $137.9 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $4.35 million.
• In the past 24 hours, top gainers include Quant, Midnight and Akedo.

Notable Developments:

• Bitcoin Flashes Bullish Signal Against NASDAQ: Is $100,000 in 2026 Possible?
• Strive Eyes $1 Billion Raise as Strategy Pauses Bitcoin Buying
• Bitmine Adds 10,452 ETH as BMNR Struggles Below $24: What’s Going On?
• XRP Poised For ‘Significant Move’ as Ripple Deepens Institutional Adoption
• Bitcoin Drops to $80,000: Are Bears ‘Back in Control?’
• Peter Schiff Says $75,000 Bitcoin Is Coming: Watch These 5 Catalysts
• Dogecoin Community Sounds Phishing Alarm After Hardware Wallet Data Breach

Trader Notes:

Crypto trader Emperor said that Bitcoin’s $80,000 support is critical, warning that a breakdown could trigger a liquidity sweep toward $75,000 before the next major rally.

The weekly chart is showing early bullish structure following its rebound from $60,000, but it remains vulnerable near a key supply zone.

The daily chart repeatedly slipped below $80,000 and failed to reclaim $80,600, a former resistance level now acting as a key technical hurdle.

Emperor adds that these uncertain prices levels could offer attractive buying opportunities, although he favors smaller positions amid heightened volatility.

He highlighted Wednesday’s Federal Reserve decision, Microsoft and Alphabet earnings, Thursday’s PCE inflation and GDP data, and Amazon and Coinbase earnings as major catalysts.

Rising oil prices and geopolitical tensions could add inflationary pressure, while next week’s U.S. midterm elections present another potential market catalyst.

Image: Shutterstock