*1. BTC Hits 12-Week High, Stalls Near $80K*

Bitcoin climbed to *$79,399* overnight — its highest level since Jan 31 — before pulling back to ∼$77,800. It’s now consolidating in the *$77K–$78K range* after a 30% rally from April’s $66,650 low. The $80K level is acting as a heavy resistance wall with sell orders piling up from buyers near breakeven. d3bcf647

*2. Institutional Flows Driving the Rally*

The move is backed by real capital, not just retail FOMO:

- *ETF inflows*: Spot Bitcoin ETFs saw a *9-day inflow streak totaling $2.12B*. BlackRock’s IBIT led with $167M yesterday alone. Total ETF AUM is now *$102.79B*

- *Strategy accumulation*: Michael Saylor’s Strategy bought *$3.9B worth of BTC* this month — its largest monthly purchase in a year

- *Stablecoin liquidity*: USDT supply jumped *$5B in two weeks* to nearly $150B, signaling fresh capital waiting on the sidelines 9495 d3bc5ecca4da

*3. Macro & Geopolitics in Play*

Bitcoin’s rise closely tracked optimism around a potential *US-Iran deal* to reopen the Strait of Hormuz. Asian equities rallied and risk sentiment improved, with BTC moving in tandem before reversing. But analysts warn that if US-Iran peace talks collapse, it could reprice risk assets broadly. d3bc7f29

*4. Technical Setup: Breakout or Rejection?*

- *Bullish case*: BTC holds above the 50-day EMA at ∼$72,807 and 100-day EMA at ∼$75,513, with RSI at ∼61 and MACD still positive. A daily close above $80K could open $82.3K–$83.4K

- *Bearish risk*: $80K is a psychological ceiling with concentrated sell orders. If BTC fails here and drops below $75,680 support, a pullback to $74,487 or $72,807 is likely fde51f33a4da

*5. Other BTC Headlines*

- *Quantum concern*: Researchers broke a 15-bit elliptic curve key in a “largest quantum attack” and won 1 BTC bounty from Project Eleven. Experts say the threat to Bitcoin’s encryption is still manageable

- *US military*: The Pentagon is running a Bitcoin node to test national security applications vs China

- *Price forecasts*: Bitwise sees BTC hitting *$1.3M by 2035*, while Arthur Hayes predicts *$145K by end of 2026* 16835139af1c

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*The vibe right now:* Bullish but cautious. Institutional demand and ETF flows are providing a strong base, but BTC needs to clear $80K with volume to confirm the next leg up. If it fails, expect a retest of $75.5K.

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