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via CoinDesk · By CoinDesk Staff

Why bitcoin’s recent climb to $80,000 might just be a temporary liquidity squeeze

BTC

BTC/USDT

$79,716.00

-0.05%

$79,716.00

-0.05%

(24s)

24h Volume

$8,056,624,248.93

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,620.00

▼ -0.27%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,620.00

Support 1$78,324.21

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):65.9

CoinDesk Staff

(01:44 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Spot ETF outflows and a hawkish Federal Reserve are creating a "macro ceiling" that makes a new all-time high unlikely without a major geopolitical shift.

Bitcoin’s onchain metrics are flashing their most constructive signals since early February, but underlying seller behavior and derivatives positioning suggest the road to new highs will not be easy, Bitfinex shared in an analyst note to…

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CoinDesk Staff · CoinDesk

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