At 9:00 bitcoin is trading slightly above $80 thousand, Ethereum (ETH) – at $2.38 thousand. The rates of almost all the largest of the 100 largest crypto-assets by capitalization over the past 24 hours showed growth – the largest (about 25%) was recorded at Siren (SIREN). The price of Midnight (NIGHT) fell the most during the day – by 2%. Both these assets (SIREN and NIGHT) were among the top most dynamic cryptocurrencies by percentage change in price in April, RBC reported.
Over the past 24 hours, crypto exchanges liquidated the positions of nearly 100 thousand traders for a total of more than $355 million, according to Coinglass data. We are talking about the nominal value of positions, taking into account leverage (a position of $100 with a leverage of 10x is counted in the total amount of losses as $1 thousand). Most of the losses were incurred by those who bet on falling rates – more than $300 mln of the total amount of liquidations were on short positions (shorts).
Bitcoin spot exchange-traded funds (ETFs) in the U.S. recorded a net inflow of $153 million during the trading week that ended May 3 – this is the fifth week in a row where capital inflows into the funds have been recorded, according to SoSoValue. Ethereum funds experienced capital outflows over the same period – a total of $82 million was withdrawn from the funds.
The Crypto Market Fear and Greed Index is at a score of 40 out of 100. This is the “fear” zone, where the indicator rose five days ago from the “extreme fear” zone. The market sentiment indicator suggests that the panic has passed, but investors are still inclined to sell cryptocurrencies.
Why it matters.
Overcoming key technical resistance
The $80,000 level is not just a round number, but a strong psychological threshold that has long acted as a serious impediment to growth.
– Trend Change: Overcoming this level confirms the completion of the corrective movement that started earlier in 2026 and the exit from the consolidation zone.
– Technical confirmation: Analysts note that holding above $80,000 indicates the possibility of continuation of the bullish trend (targets up to $96,000 and higher are mentioned.
Psychological factor for the market
Round numbers in trading matter. Overcoming $80,000 attracts retail investors and restores faith in the asset, which provokes new capital inflows.
– Reduced fear: This shows an improvement in risk appetite and confidence in cryptocurrency, even despite economic volatility.
Institutional interest and demand
Growth to $80,000+ is often accompanied by increased trading volume and buying by large institutional investors.
– Drivers: The price increase confirms the effectiveness of cryptocurrency as an asset class attracting funds through spot ETFs.
Impact on miners
For the global mining industry, keeping the exchange rate above $80,000 is a signal of high returns. This allows miners to cover operating costs and invest in new equipment, which strengthens the network.
Bottom line
A consolidation above $80,000 in May 2026 (especially the weekly candle close) is a confirmation of the strength of the bull market and a potential move to rewrite all-time highs.
