Recent signals from both spot and futures markets in Bitcoin indicate that the $ 80,000 level may be an important target for the price in the short term. The cryptocurrency maintained its critical technical level on Friday, surging above $78,800 with a 2.52% rise. Bitcoin continues to stay above the 100-day exponential moving average support, supporting the upward momentum.
Price and volume indicators point to a new buying wave
In the technical view, Bitcoin’s continued upward movement with the support it receives from the 100-day average indicates that buyers are driving the market in the short term. The fact that the 100-day average supports the current price movement creates a positive atmosphere on longer-term charts.
There is also a significant increase in spot market demand. Spot market cumulative volume difference (CVD) rose to 11,500 BTC for the first time since February 17, indicating strong buyer interest. In other words, in recent declines, sales are met with new purchases.
New position purchases are also noteworthy in futures transactions. The total open position amount increased by 6.64% in the last 24 hours and reached 257,000 BTC. Thus, the number of investors who want to take a position just below $ 80,000 is increasing rapidly. Previously, strong leverage positions in the markets were cleared with a liquidation of approximately 9,000 BTC; In the new period, it seems that positions have been opened again in a balanced manner.
Futures CVD data also shows that buyer pressure is back. Volume in this area increased to 98,300 BTC, but remains slightly below the record levels seen at the end of April. Liquidity is currently concentrated in the range of 78,000-80,000 dollars. It is stated that in this range, short positions worth $ 2.1 billion were compromised. In case of a possible rise, mass short position closings (short squeeze) may occur at these levels.
“With the recent opening volume, Bitcoin has recovered from its 100-day average and short-term upward expectations have come to the fore again. This movement in liquidity paves the way for a new pricing at the critical threshold.”
Institutional interest and record inflow in Bitcoin ETFs
Institutional investors’ interest in Bitcoin is leading to a shrinkage of available supply. The 30-day change in OTC (over-the-counter) desk balance dropped to -20,700 BTC for the first time since March 2025. This data shows that as the amount of Bitcoin off the market decreases, the amount of BTC that can be easily traded decreases.
There was an inflow of 1.97 billion dollars in the ETF (exchange traded fund) market in April. Bitcoin research newsletter Ecoinometrics noted that this area has experienced nine consecutive days of entry, making it the longest such streak in 2026. According to the bulletin’s assessment, “A similar momentum was seen, especially before the October 2025 peak. Now this sustainable flow indicates a significant improvement in investor sentiment.” The statement was included.
All eyes are now on how long these inflows will continue and to what extent corporate and individual participation above $80,000 will increase. Short-term volatility is expected to continue in this period when supply decreases and transaction volume increases.
