BTC▲$65,722.00 price finally cleared the round $80,000 level again, helped by stronger ETF buying and a wave of short liquidations.
Bitcoin pushed back above $80,000 on Monday, giving its cleanest break above that level since January after a rough start to 2026.
According to data from CoinGecko, Bitcoin traded in a 24-hour range of about $78,329 to $80,529, while its market value stood near $1.6 trillion. Despite the rally, BTC is still about 36.6% below its October 2025 all-time high of $126,080, the data shows.
Bitcoin closed April with an 11.87% gain, its strongest monthly performance since April 2025, when it rose about 14%, according to CoinGlass, which tracks Bitcoin’s monthly permormance. On average, Bitcoin closes April up around 13%, the data shows.
May has usually been a decent month for Bitcoin, though not a guaranteed one. CoinGlass data shows Bitcoin’s average historical May return at roughly 7.7%, meaning the month has often leaned positive.
Bitcoin ETF Flows
The biggest change under the surface is that U.S. spot Bitcoin ETFs are pulling money again. SoSoValue data shows the funds took in $1.97 billion in April, their strongest monthly inflow of 2026.
On May 1, U.S. spot Bitcoin ETFs recorded nearly $630 million in net inflows, with BlackRock’s iShares Bitcoin Trust taking in $284 million and Fidelity’s Wise Origin Bitcoin Fund adding $213 million.
The price rebound also forced some leveraged traders out of losing bets. CoinGlass data shows $179 million in crypto liquidations over the past 24 hours, including around $161 million from shorts and $17 million from longs.
Macro is Still Messy
The broader market setup is not perfectly clean. Reuters reported that the Iran war is making it harder for the Federal Reserve to give clear rate guidance, while the Fed kept rates at 3.5% to 3.75% at its latest meeting.
Another element that adds to the risks faced by risk assets is the new leadership at the Fed. The nomination of Kevin Warsh, who will succeed Jerome Powell as Fed chair, is currently being confirmed, and the markets will look for clues about any rate cuts in June’s FOMC meeting.
Read more: Bitcoin Holdings by Major Companies Worldwide 2026
