Capital rotated into 'stablecoins' and 'wrapped assets' over the past 24 hours, while the two largest cryptocurrencies—Bitcoin (BTC) and Ethereum (ETH)—saw sizeable net outflows, underscoring a defensive shift in positioning amid shifting market liquidity. According to Cryptometer data as of Thursday 03:35 UTC, Bitcoin (BTC) recorded approximately $1.9 billion in inflows and $2.2 billion in outflows over the prior 24 hours, resulting in a net outflow of $329.6 million.
Bitcoin is trading above $80,000 as the market prepares for what is shaping up to be a decisive directional move. The recovery from the recent correction has been meaningful — but a CryptoQuant report has identified the specific mechanism that prevented the decline from becoming considerably worse, and understanding it changes how the current price level should be read.
Bitcoin (BTC) balances held on major centralized exchanges continued to decline Thursday, alongside a sharp shift in trading activity toward Asia and Europe—signals that typically point to changing 'liquidity conditions' and repositioning by large traders. Data from CoinGlass showed that as of May 8 at 01:55 UTC, total BTC reserves across leading exchanges stood at roughly 2,451,555 BTC.
Bitcoin price started a fresh decline below the $81,200 zone. BTC is correcting gains and might struggle to stay above the $78,800 support.
An analysis shared by Cryptoquant indicates bitcoin must reclaim and hold $88,880 before traders can confirm a BTC bottom. UTXO age bands identified several realized price levels where trapped buyers could add resistance during recovery attempts.
About 100K Bitcoin has left Binance, OKX, and Gemini since February 2026, pushing exchange reserves to their lowest level in years.
Crypto-related stocks CRCL and Coinbase (COIN) moved lower on Thursday after fresh U.S. labor market data reduced expectations for near-term Federal Reserve rate cuts. Investors reacted cautiously as stronger employment figures added pressure to risk assets, including cryptocurrencies and crypto-linked equities.
Bitcoin is once again approaching the critical $82,000 resistance zone after staging a strong recovery from the sharp correction that dominated the crypto market earlier this year. Following a steep decline into the mid-$60,000 range during the February-March sell-off, BTC has steadily regained momentum, signaling renewed investor confidence and growing bullish sentiment across the cryptocurrency market.
Solv Protocol will move its tokenized Bitcoin infrastructure to Chainlink, following Kelp DAO's lead after it blamed LayerZero for a hack.
A crypto analyst has identified a multi-year Cup and Handle pattern on the Bitcoin (BTC) chart that he says has gone largely unnoticed by the broader market, despite its significance. The analyst believes this single formation signals a major bull trend ahead for Bitcoin, projecting a minimum price target of $220,000 once the cryptocurrency begins its parabolic move.
Strategy—formerly known as MicroStrategy—could meaningfully accelerate its Bitcoin-buying pace this year, according to analysts at JPMorgan. The firm, led by well-known Bitcoin bull Michael Saylor, is already one of the largest publicly traded Bitcoin treasury companies, and JPMorgan believes its next move may be a larger, faster round of acquisitions.
American Bitcoin surpasses 7,300 BTC after record Q1 output, producing 817 BTC and expanding mining capacity to 25 EH/s.