Overview
- Bitcoin jumped above $80,000 late Sunday after President Trump announced “Project Freedom” to escort ships through the Strait of Hormuz, reaching levels last seen in late January.
- The surge forced roughly $100 million to more than $114 million in short positions to liquidate within about an hour as traders who bet against the price were compelled to buy back.
- U.S. spot Bitcoin exchange-traded funds recorded a fifth straight week of net inflows at $153.87 million, including about $630 million on Friday, showing steady demand from large investors.
- On‑chain and trading data show the advance leaned on ETF buying and leveraged futures while spot buying was weak, a pattern analysts say can reverse quickly when positions unwind.
- Traders noted heavy orders clustered near $79,500 to $81,000 and a chart exhaustion signal called TD Sequential, while one analysis warned a $5,000 slide could put about $6.8 billion in long bets at risk.