Bitcoin chips away at weekend upside as $80K hangs in the balance
Summary
Bitcoin slipped about 2% Monday after briefly reclaiming $80,000, with thin holiday trading amplifying price swings. Liquidations were split between longs and shorts, and nearby liquidity clusters sat around $80,500 and $78,800. Analysts said volatility is compressing as traders wait for US inflation data later this week, which could drive expectations for Federal Reserve policy and trigger a directional move. Despite the pullback, Bitcoin has held most of its recent gains and shown resilience after last week’s stronger-than-expected US jobs data. Strong spot Bitcoin ETF demand also remains supportive, after Thursday’s $730 million in net inflows, the largest daily total since January.
