Bitcoin Nears $80,000 as Short Liquidations Fuel the Breakout
Overview Bitcoin prices surged aggressively today, breaking above $79,300 intraday and rapidly approaching the landmark $80,000 threshold. Unlike previous speculative rallies characterized by unhedged leverage in the derivatives markets, the current advance toward $80,000 is anchored by solid structural fundamentals. Persistent institutional net inflows into spot exchange-traded funds (ETFs), liquid exchange inventories contracting to multi-year lows, and expanding macroeconomic demand for unenc