Overview
- Bitcoin jumped past $82,000 after Wednesday's pause of a U.S. Hormuz operation cut oil prices and set off a broad risk rally.
- U.S. spot Bitcoin ETFs drew more than $5 billion in net inflows over the past month, and corporate treasuries were cited as steady buyers that pull coins out of liquid markets.
- Derivatives amplified the move as Coinglass counted over $500 million in liquidations within 24 hours, mostly from short positions, with options interest heavy near $85,000 and $90,000.
- Market structure looks mixed as multiple analysts flagged weak network activity and soft spot demand, with key resistance stacked in the $82,000 to $85,000 area.
- A whale cohort study found newer large holders added about 149,800 BTC during the advance while long‑tenured whales were largely unchanged, pointing to fresh capital rather than legacy accumulation.