Bitcoin Reclaims $80,000 on Improving ETF Inflows, but Caution Tempers Sentiment

Daily View:

Bitcoin reclaimed the $80,000 level and pushed through a key psychological resistance zone, supported by improving ETF inflows, though positioning data and weak spot demand suggest traders remain cautious about the durability of the move. Macro conditions remain mixed, with crypto trading against a backdrop of elevated rate uncertainty, closely watched equity market direction, and a firm U.S. dollar that continues to temper risk appetite. Overall crypto market sentiment has improved modestly on the price recovery and signs of advancing institutional adoption, but conviction is still restrained by hedging activity, correction warnings, and a generally cautious broader investor backdrop.