$80

According to market news, the U.S. PCE inflation data is about to be released, combined with rising international oil prices and climbing U.S. Treasury yields, which continue to suppress the performance of risk assets. Currently, Bitcoin is facing significant resistance around the $80,000 mark, while the derivatives market continues to signal risk aversion.Analysis indicates that the cost basis for short-term holders is concentrated around $80,000. If the price breaks through this level, it may trigger profit-taking selling pressure, thereby limiting further upside potential. In addition, Bitwise researcher Luke Deans pointed out that the current 180-day correlation and Beta quantile of altcoins with Bitcoin are close to 97% and 99%, respectively, indicating that most tokens will still behave as "high-leverage versions of Bitcoin."

Category Labs today announced that it is expanding its potential public market purchase authorization limit to $80 million and extending the repurchase period until the end of 2026.Category Labs stated that any repurchase actions will be carried out opportunistically based on market conditions and may be initiated, suspended, or terminated at the company's discretion, while strictly adhering to relevant laws and regulations. This update does not constitute a commitment to repurchase any specific number of tokens but reflects the company's intention to consider opportunistic purchases under favorable market conditions.

Bitcoin recently rebounded to a high of $79,477 before falling back, currently hovering around $77,000. Data from the options market shows that traders are intensively positioning around the $80,000 line, creating what analysts call the "electric fence" effect—between $80,000 and $82,500, a large number of short positions have accumulated, forming strong resistance; while the $76,000 to $77,000 range is a concentrated area of liquidation risk for bulls, putting the price in a state of dual pressure.From a fundamental perspective, the market is not lacking in support for long positions: net inflows into Bitcoin spot ETFs exceed $2 billion, Strategy has repurchased 34,000 BTC in a single month, and an ETF under Morgan Stanley has attracted $153 million within two weeks of its launch. USDC reserves on Binance have risen from a low of $3 billion in March to $7.5 billion. However, macro pressures have not yet cleared. The expectation for interest rate cuts by the Federal Reserve is nearly zero, and geopolitical situations continue to disturb risk appetite, with the cumulative funding rate still close to -4.5%, indicating an overall bearish sentiment in the derivatives market. Analysts judge that $80,000 is not a valuation anchor, but rather a liquidity threshold built up by leveraged positions. Whether it can be effectively broken will largely depend on this week's Federal Reserve meeting and inflation data as catalysts.

Bitcoin fell below $76,000 after failing to break through $80,000, with uncertainties surrounding the reopening of the Strait of Hormuz and the macroeconomic situation unsettling the market.Meanwhile, technical indicators and on-chain data provide mixed signals regarding whether BTC can sustain this round of rebound. Bitcoin recorded a 30% recovery after hitting a low below $60,000 on February 6, but it stalled under selling pressure in the supply zone between $78,000 and $80,000. This range also coincides with the current 20-week exponential moving average (EMA), reinforcing the significance of this resistance level.Michael van de Poppe, founder of MN Capital, stated that the current pullback is "typical behavior" ahead of the FOMC meeting. He added, "I believe we are still in a phase of strong market conditions." On the support side, Bitcoin has tested the support level at $75,500, which also serves as the lower boundary of the 20-day EMA, 100-day EMA, and an upward channel.Glassnode's UTXO Realized Price Distribution (URPD) data shows that direct resistance is around $78,000, where investors hold 335,650 BTC; the average purchase price of about 298,560 BTC is $75,500, forming a key support level.On the on-chain front, Glassnode data indicates that the Bitcoin market exhibits "a coexistence of bullish momentum and cautious sentiment." The spot CVD (Cumulative Volume Delta) rose from $18.3 million to $54.8 million, with an increase of nearly 200% over the past week, reflecting strong bullish sentiment among market participants. However, spot trading volume decreased by 13.8% from $6.95 billion a week ago to $5.99 billion, "indicating a reduction in market activity." During the same period, the number of daily active addresses fell by 1.6%, showing a more subdued network participation.

Crypto analyst Murphy posted on the X platform, stating that by overlaying three sets of data (Options Gamma Exposure, Options Open Interest by Strike Price, Options ATM Implied Volatility), the impact on BTC from an options perspective shows that $80,000 is currently the first effective resistance above BTC. This position simultaneously has high Call OI, positive Gamma, and low IV conditions.As the price moves upward, the dynamic hedging of market makers can easily create selling pressure; the lower the IV, the higher the marginal sensitivity of market makers to hedge adjustments. Therefore, the thickness of this wall (OI of 7,200 BTC + positive Gamma magnitude) makes $80,000 a "hard nut to crack" in May. Once it breaks through and approaches $82,000, due to the presence of a larger scale of negative Gamma (OI of 4,644 BTC), the market may quickly switch from being suppressed to "amplified volatility" mode.

According to Forbes, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission, recently reiterated the advancement of "Project Crypto" and announced that he will work with the U.S. Commodity Futures Trading Commission (CFTC) to develop a classification framework for digital assets, clarifying when tokens are recognized as securities, while also introducing an "innovation exemption" to support on-chain trading of tokenized securities.The market views this as one of the most proactive shifts in crypto regulation in the history of the SEC, marking its formal abandonment of the old model of "regulation by enforcement" in favor of clear rule-making. This move may signal a stronger entry point for institutional capital that has been on the sidelines for a long time and could drive the price of Bitcoin back above $80,000. Currently, the price of Bitcoin is around $77,586, and the market is paying attention to Paul Atkins' further statements at the Bitcoin 2026 conference in late April.

CryptoQuant analyst MorenoDV_ tweeted that if Bitcoin can rise above and hold the $80,000 mark, this position will turn from resistance to support; conversely, if it encounters rejection and falls back, it will confirm $80,000 as a significant selling pressure area, potentially extending the adjustment period into the second quarter.Currently, the realized price for BTC ETF investors is about $76,400, which is close to the spot price (around $76,300), marking the first time since January 30 that it has approached the breakeven point; short-term holder whales have a realized price around $79,600 and are currently facing an unrealized loss of about $9.4 billion.MorenoDV_ pointed out that historically, when these trapped funds are finally released, it often triggers significant selling pressure. Bitcoin is currently fluctuating in the $76,000-$80,000 range, where $80,000 is not only an important psychological level but also a common breakeven and release threshold for these two major groups.

According to Gate data, the futures prices of WTI and Brent crude oil have expanded their decline to 12%, reported at $80.21 per barrel and $87.307 per barrel, respectively. The U.S. stock market continues its upward trend, with the Dow Jones Industrial Average rising by 2.00%.

Famous trader Killa (@KillaXBT) posted yesterday that he has shorted Bitcoin at $74,688, with a stop-loss set at $80,000; if the weekly close is above that price, it will be invalidated.Killa later stated that this will be his last swing short for BTC in this cycle, as he expects no significant changes in the timing of the cycle. As a quantitative trader focused on BTC, Killa predicted the peak of this bull market in May 2025 and has over 180,000 followers on platform X.

Polymarket's latest data shows that the market bets on the probability of BTC reaching $80,000 before May 1 of this year is 32%, the probability of reaching $85,000 is 8%, and the probability of falling to $65,000 is 22%.

According to Coinglass data, if ETH falls below $2,251, the cumulative long liquidation intensity on major CEXs will reach $801 million. Conversely, if ETH breaks above $2,483, the cumulative short liquidation intensity on major CEXs will reach $400 million.

Crypto analyst Willy Woo tweeted that the inflow of funds into Bitcoin has just turned positive, marking the first time since January, and liquidity is being restored.At the same time, the spot market remains stable, while the derivatives market is currently attempting a second rebound after being hit hard on October 10.Willy Woo pointed out that $80,000 is the current key testing level.

The latest U.S. PCE inflation data largely met expectations, easing market uncertainty, and Bitcoin's price stabilized after previously reaching around $73,000. Data shows that the core PCE year-on-year is 3%, and month-on-month is 0.4%. The market is also influenced by the easing situation between the U.S. and Iran, but analysts point out that the current PCE data has not yet reflected potential energy price shocks.Although the inflation data did not trigger significant market fluctuations, investors remain cautious about the Federal Reserve's interest rate cut expectations for this year. Economist Mohamed El-Erian stated that compared to PCE, the upcoming CPI data to be released this week will have a more critical impact on the market, especially against the backdrop of oil price fluctuations. On the trading front, the market remains in a volatile range, with liquidity mainly concentrated in the $69,000 to $76,000 range. Trader Michaël van de Poppe believes that as long as the key support range holds, Bitcoin is expected to start a new round of upward momentum, targeting $80,000.

According to CoinDesk, as market sentiment improves, the Bitcoin options market is showing a significant shift. The call options with a strike price of $80,000 on Deribit have become the most popular trades, with an open interest exceeding $1.6 billion, surpassing the previously dominant $60,000 put options (with an open interest of about $1.41 billion). Analysts believe that the recent temporary ceasefire between the U.S. and Iran has led to a decline in oil prices, easing inflation expectations, which may enhance the market's expectations for a rate cut by the Federal Reserve, thereby benefiting risk assets including Bitcoin.In addition, asset management firm 21Shares stated that with continued inflows into ETFs and increased institutional holdings, if the geopolitical situation eases and the regulatory environment improves, Bitcoin could potentially surge to $100,000 by the end of the second quarter. However, risks remain in the market; the current ceasefire situation is relatively fragile, and if the conflict in the Middle East escalates again, a rebound in oil prices could suppress market risk appetite, thereby limiting Bitcoin's upside potential.

Applied Compute, which builds dedicated intelligent companies for enterprises, has completed a $80 million financing round, reaching a post-money valuation of $1.3 billion. Kleiner Perkins led the investment, with participation from Elad Gil, Lux Capital, Greenoaks, NEO, Hana Bicapital, among others, bringing the total financing to $160 million.Applied Compute's mission is to bridge the gap between "smart" and "useful" through "Specific Intelligence." These proprietary intelligent agents are trained based on the real operational conditions of the company and are designed for continuous self-evolution. They help enterprises unlock their institutional context, train agents for specific workflows and performance standards, and deploy them to the production front line.

According to the official website of the Cardano Foundation, Cardano and the venture capital firm Draper Dragon announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund), with a target size of $80 million, aimed at investing in Cardano native and integrated projects, focusing on Real-World Assets (RWA) and institutional-grade DeFi, to enhance Cardano's TVL and on-chain activity.The fund is managed by Draper Dragon, with the Cardano Foundation providing ecological and technical support as the constitutional manager, and part of the profits will be funneled back to the Cardano treasury through the non-ownership entity Arouet Holdings. Draper University will act as an acceleration partner to provide startup acceleration and talent development. The fund will prioritize projects that utilize the UTXO model to bridge Bitcoin liquidity and Cardano functionality, and will enhance transparency and community oversight through a public KPI dashboard and quarterly ecological roundtables.

According to Cointelegraph, Solana's native token SOL fell about 11% after hitting resistance at $93 last Wednesday, showing significantly weaker performance compared to the overall cryptocurrency market, and has tested the $80 support level multiple times. Meanwhile, Solana network fees have declined for two consecutive months, raising market concerns that its price may further retrace to the $75 level.In addition, in March, Solana network fees dropped to $18.5 million, a 42% decrease from January's $30 million, mainly affected by the shrinking trading volume of decentralized exchanges (DEX). Data shows that Solana DEX trading volume fell to $55.5 billion, the lowest level since September 2024. Solana's current total value locked (TVL) is approximately $6.3 billion, still significantly lagging behind Ethereum's $54.1 billion. However, in the past 30 days, Solana network fees remain 80% higher, mainly due to Ethereum reducing mainnet fees through Layer 2 Rollup and data Blob mechanisms.

According to the Wall Street Journal, sources say that the SpaceX IPO is expected to raise between $40 billion and $80 billion. SpaceX is considering offering preferential treatment to investors from other companies owned by Musk in the stock allocation.Previous news from ChainCatcher indicates that the SpaceX IPO may reserve up to 30% of the shares for retail investors.

According to Cointelegraph, the revenue from decentralized applications in the Solana ecosystem has dropped to an 18-month low, and the SOL price is at risk of testing $80 again. SOL has fallen 11% to $87 in the past three days, triggering the liquidation of $25 million in long positions.The perpetual contract funding rate is close to 0%, indicating weak demand from bulls, with bears dominating leverage demand over the past month. The delta skew in the options market has risen to 12%, with put option premiums trading, showing that professional traders lack confidence in the $87 support level. Solana DApps revenue has decreased from $36 million two months ago to $22 million, marking an 18-month low.Although Solana remains a leader in DEX trading volume, it faces fierce competition in the perpetual contract trading space from Hyperliquid, which holds over 80% market share.

Silver (XAG) has broken down below the $80 integer level, currently reported at $79.13, with a 24-hour decline of 1.40%. The loss of the $80 level, as an important psychological and technical support, may exacerbate short-term volatility. According to data from the CoinGlass platform, the Gate XAG_USDT contract has a 24-hour trading volume of $141 million, ranking among the top three globally.In addition, gold-related assets have also weakened, with XAUT_USDT reported at $4,937.7, down 0.50% in 24 hours, with a trading volume of approximately $40.61 million; PAXG_USDT reported at $4,963.4, down 0.62% in 24 hours, with a trading volume of approximately $2.97 million.Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Currently, Gate contracts comprehensively cover various asset categories such as metals, stocks, forex, commodities, and indices, including contracts for gold, silver, platinum, crude oil, Tesla, Microsoft, and more, supporting leverage up to 100x, helping users achieve cross-market and multi-asset strategy layouts.