Data: Analysis indicates that BTC is struggling to maintain a position above 80,000 USD in the short term, with increasing concerns about market correction
According to The Block, Bitcoin fell below $78,000 on Thursday, with growing concerns in the market about the momentum for a subsequent rebound. Data shows that Bitcoin spot ETFs have seen a net outflow of funds for four consecutive trading days, while the liquidation of approximately $584 million in long positions earlier this week continues to suppress market risk appetite. Analysts believe that before on-chain spot demand recovers, BTC will still struggle to effectively hold above $80,000 in the short term.
Glassnode analysis points out that Bitcoin's spot CVD (Cumulative Volume Delta) has been negative for nine consecutive trading days, marking the longest net selling period since 2026. When Bitcoin previously rebounded to $82,000, it briefly reclaimed the key level of $78,300, the "real market average," but has now fallen below it again. Historical cycles show that BTC typically needs to consolidate in this area for several weeks to months to confirm a switch in the bull-bear structure.
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