$BTC has broken through its first strong resistance zone near $78,000.
Ahead lies strong resistance in the form of the 200-day period near $83,000.
Next lies a strong resistance zone in the form of the 50-week period near $95,000 – many analysts are calling this zone the last strong resistance level for bears.
On May 1st, inflows into spot $BTC ETFs surged, according to SoSoValue.
CryptoQuant continues to warn that the current rebound in $BTC still appears "speculative" based on its metrics, despite the surge in futures activity.