Capital inflows and spot demand improve, yet overhead supply near $86K keeps the recovery from confirming a full bull trend.
Sovereign curves are back near old stress zones while Hormuz inflation risk keeps central banks boxed in.
A bitcoin holder known on X as @cprkrn recovered approximately 5 BTC, valued between $400,000 and $500,000, from a wallet he had been locked out of for more than 11 years, crediting Anthropic's Claude AI with solving a technical problem that had resisted every other attempt.
Bitcoin's pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.
Bitcoin (CRYPTO: BTC) remains structurally bullish after reclaiming a key monthly average, according to a prominent technical analyst. Market Structure Matters Most In a detailed X post on May 13, pseudonymous analyst Scient said the monthly 50 moving average (MA) holding as support was the first major trigger that flipped his macro-outlook bullish, prompting spot Bitcoin accumulation around $68,000 before turning fully bullish near $72,000.
Bitcoin's recent price behavior has been everything the bulls hoped for, and that may be precisely the problem. Since bottoming out around $63,000 in early April, Bitcoin has posted a sequence of higher highs and higher lows and has now reclaimed $80,000.
The crypto market is in turmoil as Bitcoin and Ethereum lose critical support levels. What triggered the sudden price collapse?
Metaplanet reported a sharp quarterly net loss tied to its aggressive Bitcoin accumulation strategy, even as the company continued expanding one of the world's largest corporate Bitcoin treasuries and pointed to strong operational growth across its core business.
Fireblocks CEO stated that the quantum threat to Bitcoin is primarily a coordination problem, not a technical one. Michael Shaulov noted that North Korean hacker attacks, such as the $292 million exploit on Kelp DAO, hinder institutional adoption more than volatility does.
Physicist Giovanni Santostasi says Bitcoin's long-term price trajectory is not best understood as an S-curve, speculative bubble, or simple exponential trend, but as a power law similar to patterns found in cities, biology and other natural systems. Speaking with Nathalie Brunell on the May 12 episode of the Coin Stories podcast, the director of the Scientific Bitcoin Institute argued that Bitcoin's historical data points to roughly $1 million per coin in about eight years and $10 million in roughly 20 years.
Jane Street, one of the largest quantitative trading firms in the world, reduced its Bitcoin ETF holdings during the first quarter of 2025 while simultaneously increasing exposure to Ethereum ETFs and Galaxy Digital, according to a regulatory filing with the U.S. Securities and Exchange Commission.
After several failed attempts to rally above $82,200 over the past seven days, Bitcoin (BTC) price fell below its psychological support level around $80,000 on May 13, amid low demand in the United States.