Bitcoin breaks $80,000: $250 million in shorts liquidated
- —BTC rose 6% to $81,034, with $250 million in shorts liquidated over 4 hours
- —30-year U.S. Treasury yield rose to 5.34%, up 90 bps on the day
- —A House committee approved a 20-year bitcoin reserve bill
- —Key resistance zone is $80,000-$82,000
Why it matters: The break above $80,000 and short liquidations reinforce bullish momentum, but the $80,000-$82,000 zone remains key resistance for further gains.
Source: CoinCentral