1 month ago
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Key Takeaways
- Bitcoin at $80,300, first return to $80K since February 2026.
- Binance taker buy volume: $1.98B across two consecutive hours.
- Two hourly spikes: $1.19B and $792M at the breakout.
- ETF buyer cost basis acted as support before the move.
- 6-12M realized cap share risen to 27.5%.
- RSI at 74.77 on 1H: overbought on shorter timeframe.
- All three MAs below price.
- Holding $80,000 on daily close is the confirmation signal.
$1.98 Billion in Two Hours Is Not a Normal Breakout
Bitcoin trades at $80,300 on May 4, its first print above $80,000 since February 2026. The price did not drift there. It was pushed by two consecutive hourly taker buy volume spikes on Binance: $1.19 billion in the first hour and $792 million in the second, combining to $1.98 bi...
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