Bitcoin Data Points Point to Imminent $80K Rally
SkimNews Take
Convergence of rising open interest with shrinking shorts signals leverage piling onto the long side — a setup that can amplify follow-through but also raises the risk of a sharp unwind if $80K fails to hold as support.
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- Bitcoin spot cumulative volume delta hit 11,500 BTC, the highest net buying since Feb 17, showing buyers absorbing supply during the dip.
- Velo reported futures volume recovered to 98,300 BTC, signaling net buying pressure as price consolidates below $80k.
- CoinGlass shows $2.1 bn of short positions clustered at $78k–$80k, priming a short squeeze if price breaks $80k.
- CryptoQuant notes OTC desk balances fell to –20,700 BTC, the lowest since March 2025, implying BTC is moving off desks and reducing immediate supply.
- Ecoinometrics tracked $1.97 bn of ETF inflows in April, a nine‑day streak of net inflows, the longest run since the October 2025 peak.
Why it matters: Long‑term holders and ETF investors stand to gain as Bitcoin climbs toward $80k, while short sellers with $2.1 bn of positions face forced liquidation, tightening supply and boosting price momentum.
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