Bitcoin Nears $80K as Traders Eye Key Liquidation Zones

Bitcoin Nears $80K as Traders Eye Key Liquidation Zones

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Bitcoin Nears $80K as Traders Eye Key Liquidation Zones
  • Bitcoin trades near $79K after a 2.1% daily rise as volume jumps 72.94% to $26.92B.
  • Strategy holds 815,061 BTC worth $63.46 billion and $1.89 billion in unrealized gain.
  • Polymarket data shows 69% odds for $80K as key liquidation zones form between $76K and $82.5K.

Bitcoin surged above $79,000 over the weekend, extending its upward momentum across major exchanges, including Binance and Bybit. The move followed an intraday rise from around $77,380, with price action trending upward toward the $79,500 range before a pullback.

At the time of reporting, Bitcoin traded at $79,098, up by 2.1% over 24 hours. The market capitalization stood at $1.58 trillion, while daily trading volume reached $26.92 billion, recording an increase of 72.94%. 

Data linked to holdings associated with Strategy shows a total reserve valued at $63.46 billion, consisting of 815,061 BTC acquired at an average price of $75,528. This position shows an unrealized gain of about 3.08%, or roughly $1.89 billion. 

Michael Saylor posted “The ₿eat Goes On,” referencing continued accumulation. Separate remarks from market participants, including Davinci Jeremie and Zynx, highlighted ongoing debates around supply dynamics and long-term positioning.

Liquidation Heatmap and Key Price Zones

The BTC/USDT liquidation heatmap on Binance shows high-level leverage between $76,000 and $82,500. Bright liquidity clusters are visible near $78,000 and $80,000, indicating areas where forced liquidations could influence price movement. Additional clusters appear above $81,000 and near $82,000, suggesting possible resistance if the price moves higher.

Source: Coinglass

On the downside, major liquidation bands remain below $77,000, pointing to possible support zones where long positions could be cleared. Price action during the observed period shows a steady upward trend from below $78,000 toward the $79,000–$80,000 range, with short-term fluctuations.

Bitcoin Price Market Probabilities and Near-Term Outlook

Prediction market data from Polymarket shows traders assigning a 69% probability to Bitcoin reaching $80,000 in April, reflecting a 56-point increase. The next most likely outcome is $82,500 at 27%. Lower price targets show reduced likelihood, with $75,000 at 20% and $70,000 at 3%.

Source: Polymarket

On the upside, expectations remain limited, with $85,000 priced at 7% and $90,000 at 1%, while levels above $95,000 hold probabilities below 1%. 

Related: Bitcoin Eyes $80K as Big Money Fuels Silent Surge

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