Bitcoin tests $80K as ETF and whale buying holds but broad spot demand lags
- —Spot BTC ETFs took in about $940 million over the week, $470–530 million in a single day
- —Coinbase Premium remains negative and spot volumes are far below peak levels
- —Nasdaq 100 fell 2.9% while oil stayed elevated, keeping inflation fears alive
- —Whales are buying the dip but broader spot demand has yet to follow
Why it matters: If ETFs and whales defend $80,000 and the Coinbase Premium turns positive, the market could shift higher; otherwise the support level will keep eroding.
Source: CoinDesk Japan