Overview
- Bitcoin, which surged Wednesday above $82,000, is probing the $82,000–$84,000 resistance band that aligns with the 200‑day moving average.
- President Trump paused the Hormuz operation as U.S.–Iran talks advanced, oil prices slid, and CoinGlass tracked more than $200 million of short liquidations.
- U.S. spot Bitcoin ETFs pulled in over $5 billion in the past month, with fresh multi‑day inflows this week, and corporate treasuries have been accumulating coins that reduce exchange supply.
- Derivatives risk is high with aggregate futures open interest near $30 billion and crowded call positioning, and several analysts caution that on‑chain activity and spot demand look uneven.
- Traders cite an unfilled CME futures gap near $93,000 — a weekend price range left untraded on U.S. futures that often gets revisited — as a possible target, though a drop back below roughly $81,000 could force a reset toward lower support.