Bitcoin breaks through $80,000! After hitting a high of $80,100, it pulled back slightly. Whales have swept up 270,000 BTC in 30 days, marking the largest buying spree since 2013.

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On the morning of 5/4, Bitcoin broke through the $80,000 integer mark, hitting a high of $80,100, and is currently trading at $79,812 (+2.17%); ETH also surged to $2,371.95 (+3.01%). From the 4/30 low of $74,277, it has rebounded by approximately 7.5% over 5 days. The driving forces include a short squeeze, whales holding over 1,000 BTC accumulating 270,000 BTC in 30 days (the largest monthly purchase since 2013), continued ETF inflows, and expectations regarding the policy transition as Fed Chair Powell is expected to step down on 5/15. (Previous coverage: Bitcoin hit $79,447 before pulling back, 92,000 people liquidated $160 million, Fear & Greed Index fell to 40) (Background: Ark Invest's Cathie Wood: Bitcoin is still in the bottoming phase of a bull market, innovative assets are being "collectively mispriced") Bitcoin broke through the $80,000 integer mark on the morning of 5/4 (Taiwan time), hitting a high of $80,100 before pulling back slightly, currently trading at $79,812 (+2.17%). ETH followed suit, hitting a high of $2,371.95 (+3.01%); SOL rose 1.69%, and XRP rose 1.80%, with market sentiment turning broadly bullish. Counting from the 4/30 low of $74,277, Bitcoin has rebounded by about 7.5% in 5 days, a rally that is not without its reasons. Three catalysts ignited this breakout: A Short Squeeze triggered the rally. Previously, negative funding rates and heavy short positions had accumulated; once the $80,000 mark was breached, it triggered a cascading liquidation effect. According to BlockTempo's 9 AM update, total market liquidations reached $159.6 million over 24 hours, affecting 92,000 people, with short liquidations accounting for 60.5% ($96.59 million). Liquidations are expected to expand further after breaking $80,000. Large-scale accumulation by whales pushed up the floor. On-chain data shows that whale addresses holding over 1,000 BTC have accumulated 270,000 BTC over the past 30 days, the largest monthly purchase since 2013, signaling clear long-term institutional positioning. Continued ETF inflows provide structural support. On 5/1, US Bitcoin spot ETFs saw a single-day net inflow of $629.9 million, totaling $2.44 billion for the month of April, marking the strongest monthly data since October 2025, with institutional holding strength remaining high. Market Outlook: $80K–$82K is the critical battleground Technically, $80,000–$82,000 is the convergence zone for the True Market Mean, short-term holder cost basis, and spot ETF average cost basis. If Bitcoin can stabilize in this range, analysts target $84,000–$88,000; however, if the bulls fail to hold, it may retest the $76,000–$77,000 support zone. At this stage, a "firm hold above 80k" has not yet been established. There are also variables on the macro level. Fed Chair Powell is expected to step down on 5/15, with Trump nominating former Fed Governor Kevin Warsh as his successor. The nomination was approved by the Senate Banking Committee with a 13–11 vote on 4/29, pending a full Senate vote. Some market capital is front-running the expectation of a "potential shift to a dovish policy path," providing extra room for imagination in risk assets—but Warsh himself is known for his hawkish stance, and the final policy direction remains highly uncertain. Investors should manage their risks accordingly.

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