Bitcoin briefly touched $80,000 for the first time in weeks before slipping back near $79,000, setting up a major market battle. Spot Bitcoin ETFs attracted $600 million in inflows on May 1, while whales accumulated 270,000 BTC over the past month — the largest buying spree since 2013. Meanwhile, exchange reserves dropped to a seven-year low, tightening available supply. A breakout above $80K could quickly push BTC toward the $84K-$88K range, while another rejection risks a deeper correction toward $66K.
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