Bitcoin BTC don reach $77K–$80K resistance as dem move 150,000 BTC go exchanges

Published: 2026-05-01 05:51:12 |

Bitcoin (BTC) dey struggle to break pass di $77,000–$80,000 resistance zone after two-week rally don fade. For di past 15 days, about 150,000 BTC don land for exchanges, pattern wey fit mean short-term holders dey take profit (Darkfost). For three sessions, exchange inflows been 65,000 BTC, 54,600 BTC, and 39,000 BTC, wey add selling pressure as attempts around $80,000 fail. Spot demand don weak too. Spot volume don sharply fall—about $25B for Binance, $13B for Gate.io, and roughly $6B for OKX—with daily transaction activity near September 2023 lows. This show sey fewer people dey willing to buy at current levels. Derivatives indicators dey mixed but lean cautious. Seven-day liquidation/pressure measure turn positive to +28.7 (Apr 30) and total liquidations reach about $604M in 24 hours, showing liquidation activity at higher prices. But 30-day average still negative and open interest dey drift lower (7-day average slipping to ~292,000 BTC), mean say leverage dey reduce. For traders, message for Bitcoin clear: sustained breakout above $77,000 likely need both rising spot volumes and recovering open interest. Without those, BTC fit keep consolidate around di resistance zone.

Bearish

Bitcoin dey face near-term downside risk because the exchange outflow trend na actually dey driven by short-term holders wey dey take profit: about 150,000 BTC dem move go exchanges within 15 days, and the inflows cluster for multiple sessions while price no fit reclaim $80,000. At the same time, spot volumes for major venues drop sharply close to September 2023 lows, wey reduce the chance of sustained spot-led demand. Derivatives show liquidation pressure (liquidations ~ $604M/24h and the 7-day pressure indicator turn positive), but open interest dey drift lower and the 30-day average remain negative—signs say leverage dey removed instead of new momentum dey build. This combination usually lead to weaker follow-through on rallies and increase the odds of consolidation or more selling around the $77,000 resistance area.