$BTC /USDT Price has reclaimed the $80,000 level following a brief jobs-data dip, but the current structure suggests we are testing overhead resistance rather than launching a fresh breakout. The Bullish Floor: Data from Enflux indicates that consistent ETF demand and multi-year low exchange reserves are creating a powerful structural floor. Buyers are becoming notably more aggressive in both spot and perpetual markets, evidenced by the rising Cumulative Volume Delta (CVD). The Leverage Risk: While the rebound is encouraging, Glassnode warns that leveraged futures are starting to amplify price swings. We are seeing: Increased Short-Side Funding: A sign that traders are actively hedging the rally. Macro Dependency: With momentum easing, the next move is likely tied to upcoming inflation data. The Game Plan: If Bitcoin can flip $80k into firm support, the path to $85k remains open. However, if the macro data comes in "hot," expect a retest of the liquidity zones below. The market is coiled and waiting for a catalyst. #Bitcoin #Bullish #BingX