Exness Exness

Bitcoin rose more than 20% in a week and approached $80,000 as lower initial U.S. Treasury yields, renewed institutional demand, strong spot bitcoin ETF inflows and interest in debasement trades supported the rally. Short covering also amplified the move. However, long-term holders sold approximately 15,800 BTC, indicating profit-taking that could increase supply near the $80,000 level. Treasury yields and the dollar have since recovered, creating a less favorable macroeconomic backdrop. Continued ETF inflows and institutional demand may absorb further selling, while higher yields, a stronger dollar and additional profit-taking could push bitcoin into consolidation.