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Bitcoin moved above $80,000 on Monday for the first time since Jan. 31, 2026, as renewed institutional demand and forced short liquidations supported the rally. The move came as Asian markets opened higher, adding to broader risk appetite across digital assets and equities.
BTC traded near $80,416 after gaining almost 3% over 24 hours. The rally also lifted major crypto assets, with Ether, XRP, and BNB posting gains during the same period.
US Spot Bitcoin exchange-traded funds continued to attract fresh capital, giving Bitcoin a steady source of demand. The funds recorded inflows in 11 of the past 14 trading days, showing renewed interest from institutional investors.
Friday’s ETF inflow reached $629.8 million, marking the strongest daily intake for the sector in two weeks. In addition, April inflows reached $2.44 billion, with BlackRock’s iShares Bitcoin Trust leading the month with $1.71 billion.
This buying pressure helped Bitcoin recover from its 2026 low near $62,000 on Feb. 5. The current move places Bitcoin almost 30% above that low, while traders continue to monitor whether ETF demand can remain steady.
Market data also shows that early spot ETF buyers hold an average cost basis between $74,000 and $84,000. Consequently, this range has become an important support area for Bitcoin during its latest rebound.
Bitcoin’s break above $80,000 triggered a sharp wave of liquidations across leveraged crypto positions. CoinGlass data showed that $370 million in crypto bets were liquidated over 24 hours.
Most of the losses hit bearish traders. Short liquidations reached $302.30 million while Bitcoin accounted for $160.8 million of the total wipeout.
Ethereum followed with $84.7 million in liquidations, also led by short positions. Moreover, more than 98,000 traders were forced out as the rally moved against leveraged bets.
This type of market activity can add quick buying pressure because short sellers must close positions when prices rise. However, traders continue to watch funding rates and open interest to see whether leverage is rising too fast again.
Bitcoin’s move coincided with stronger Asian equity trading. The MSCI AC Asia Index rose 2.3% to 245.2 on Monday morning, breaking its previous high of 243.6 set on February 22.
The index move suggested that investors viewed weekend developments in a more positive way. However, a rise in Asian equities does not always mean US stocks will follow the same direction.
Meanwhile, Ether rose to $2,360, XRP surged to $1.41, and BNB climbed to $627 over 24 hours. Consequently, Bitcoin’s move came alongside a broader crypto rebound rather than an isolated price jump.
Crypto traders are also watching policy talks in Washington. Members of the banking and crypto industries reached a compromise on stablecoin yield provisions in the CLARITY Act, with a Senate markup expected this month.
The market is also waiting for updates on the US Bitcoin Reserve. White House crypto adviser Patrick Witt said at the Bitcoin Conference in Las Vegas that a “big announcement” on President Donald Trump’s Bitcoin reserve is expected in the next few weeks.
Some market observers have discussed a possible path toward $100,000. MN Trading Capital founder Michael van de Poppe said Friday that Bitcoin may not need a fresh story to move higher, adding, “There doesn't need to be a narrative that pushes the price upwards.”
Near term, traders are watching the $79,300 to $79,334 support zone. If Bitcoin holds that area, the market may retest the $80,600 swing high, while a break above that level could bring $81,300 and $85,000 into focus.
Also Read: Crypto Prices Today: Bitcoin Above $80,000, ETH Up Nearly 4%, Trump’s ‘Project Freedom’ Sparks Rally
