Recent trading signals from both spot and futures markets suggest that $80,000 could soon become a key short-term target for Bitcoin. On Friday, the cryptocurrency advanced by 2.52% to climb above $78,800, maintaining its crucial technical level. Bitcoin continues to find support above its 100-day exponential moving average, reinforcing its upward momentum.
Technical and volume indicators point to new buying spree
From a technical standpoint, Bitcoin’s resilience above its 100-day average signals that buyers are steering the market in the near term. This ongoing support not only bolsters short-term price action but also casts a positive tone on the broader charts.
There has also been a clear uptick in spot market demand. The spot cumulative volume delta (CVD) surged to 11,500 BTC, the highest since February 17, signaling a powerful interest from buyers. Essentially, recent sell-offs have been countered by equally robust buying activity.
Open interest in futures has similarly picked up, with the total amount rising by 6.64% to reach 257,000 BTC in the past 24 hours. This rapid increase underscores the growing number of investors eager to enter positions just below the $80,000 mark. Earlier, heavily leveraged positions in the market had been flushed out with liquidations totaling around 9,000 BTC; now, traders are entering new positions in a more balanced manner.
Futures CVD data also indicate that buyer momentum has returned. Trading volume has reached 98,300 BTC in this segment, slightly below the record levels observed at the end of April. Liquidity has now concentrated in the $78,000 to $80,000 range, where $2.1 billion in short positions face significant risk. Should prices climb higher, a wave of forced short position closures—known as a short squeeze—could occur at these levels.
“With the recent surge in opening volumes, Bitcoin has rebounded from its 100-day average, reviving short-term bullish expectations. These shifts in liquidity could pave the way for a fresh round of price action at this critical threshold.”
Institutional demand and ETF inflows break records
Institutional appetite for Bitcoin is tightening the available supply on the market. The 30-day change in over-the-counter (OTC) desk balances has dropped to minus 20,700 BTC, the lowest since March 2025. This trend indicates that easily accessible, off-exchange Bitcoin is becoming increasingly scarce.
The ETF segment also continues to boom, as $1.97 billion poured into Bitcoin exchange-traded funds in April. According to the Bitcoin research newsletter Ecoinometrics, these products logged nine consecutive days of net inflows—the longest streak since 2026. The newsletter observed, “A similar momentum was seen ahead of the October 2025 peak. Now, this sustained flow clearly points to an improvement in investor sentiment.”
Market attention is now focused on how long these inflows will persist, and on whether institutional and retail participation will intensify above $80,000. Given the shrinking supply and rising volumes, short-term volatility is likely to remain elevated during this period.
