Bitcoin bounces from $80,000 as wallet accumulation rises, ETF demand falls

Bitcoin has repeatedly found support near $80,000 since Thursday, highlighting the importance of this level as both a psychological and technical threshold for the market. Despite several sharp pullbacks, buyers have managed to keep prices from further declines, though a decisive recovery above resistance remains elusive. Resistance continues to cap advances around the $83,000 region, and so far, the latest rebounds have not led to a sustained breakout. While there is notable demand near $80,000, the market has not yet shown clear evidence of renewed institutional participation based on price action alone. Bitcoin trading volume currently stands at $25.5 billion, which represents approximately 1.5% of the asset’s circulating market capitalization.

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