{"id":97100,"date":"2026-05-14T15:39:25","date_gmt":"2026-05-14T12:39:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97100"},"modified":"2026-05-14T15:41:50","modified_gmt":"2026-05-14T12:41:50","slug":"bitcoin-drops-below-80000-as-us-inflation-quickens","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-drops-below-80000-as-us-inflation-quickens\/","title":{"rendered":"Bitcoin drops below $80,000 as US inflation quickens"},"content":{"rendered":"<p>On May 13, bitcoin fell below $80,000. The pullback coincided with the <a href=\"https:\/\/www.bls.gov\/ppi\/\">publication<\/a> of April\u2019s producer price index (PPI): it rose by 1% \u2014 the highest reading since March 2022.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-e21e0e4b6e4aa427-4363419816268337.webp\" alt=\"BTCUSDT_2026-05-14_14-01-59\" class=\"wp-image-279971\"\/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Annual core producer inflation reached 5.2%, beating expectations of 4.3%. That reduced the odds of near-term Fed easing. By market estimates, the probability of a rate hike by year-end <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">stands at<\/a> 30%.<\/p>\n<p>21Shares analyst Matt Mena <a href=\"https:\/\/www.theblock.co\/post\/401169\/bitcoin-pinned-near-critical-support-as-hot-ppi-spike-compounds-rate-hike-fears-analysts\">noted<\/a> that holding $80,000 is critical for the market. A break lower could test $78,000 and then $75,000.<\/p>\n<h2 class=\"wp-block-heading\">What about ETFs?<\/h2>\n<p>The drop was accompanied by outflows from institutional products. On May 12, net outflows from spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> totalled $233.25m, and on May 14 \u2014 $635.23m, the largest since mid-February.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-2106a2253586f147-4363443053524290.webp\" alt=\"\u0421\u043d\u0438\u043c\u043e\u043a \u044d\u043a\u0440\u0430\u043d\u0430 2026-05-14 140621\" class=\"wp-image-279972\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">SoSoValue<\/a>.<\/figcaption><\/figure>\n<p>In the Ethereum fund segment, May 12 <a href=\"https:\/\/sosovalue.com\/ru\/assets\/etf\/us-btc-spot\">saw<\/a> an outflow of $130.62m and May 13 of $36.3m.<\/p>\n<p>According to Glassnode, the seven-day average daily net outflow over the past week was $88m.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The 7D-SMA of US Spot ETF Netflow dropped to -$88M\/day, the largest outflow since mid-February.<br \/>February&#39;s outflows occurred into price weakness. This wave is selling into strength, with BTC trading near $80k.<br \/>Institutional participants were using the recovery over the recent\u2026 <a href=\"https:\/\/t.co\/BlsOLfq7yE\">https:\/\/t.co\/BlsOLfq7yE<\/a> <a href=\"https:\/\/t.co\/4qHLVjw7WC\">pic.twitter.com\/4qHLVjw7WC<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2054782129788100660?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts observed a shift in investor behaviour: in February, funds were withdrawn into price weakness, whereas now sales are occurring into strength \u2014 with bitcoin holding near $80,000.<\/p>\n<p>Institutional players used the recent recovery to exit positions. In analysts\u2019 view, this is deliberate profit-taking rather than fear or panic.<\/p>\n<p>Corporate treasury activity has also eased. According to a Bitfinex report, large companies\u2019 purchases of digital gold over the week <a href=\"https:\/\/blog.bitfinex.com\/bitfinex-alpha\/etf-flows-anchor-bitcoin-onchain-profits-return\/\">fell<\/a> by 80%. Experts warn of potential volatility in the $82,000\u201385,200 range due to an options overhang. Bitfinex believes the latest advance is more likely a temporary <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-short-squeeze\">short squeeze<\/a> than the start of a sustained trend.<\/p>\n<p>Nexo specialists reported that amid volatility, open interest in bitcoin perpetuals fell 7% to $36.8bn, pointing to reduced leverage among traders.<\/p>\n<p>Risk assets are also under pressure from the rise in the US 10-year Treasury yield to 4.46%. The market is watching Senate debate on the <a href=\"https:\/\/forklog.com\/en\/news\/us-democrats-demand-ethical-amendments-to-clarity-act\">CLARITY Act<\/a> and the outcome of US President Donald Trump\u2019s <a href=\"https:\/\/www.bbc.com\/news\/live\/cvgz8qverzqt\">visit<\/a> to Beijing.<\/p>\n<h2 class=\"wp-block-heading\">Other factors<\/h2>\n<p>An analyst using the pseudonym Easy On Chain believes that a confluence of factors \u2014 from coin inflows to exchanges to macro data \u2014 drove bitcoin\u2019s decline.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Why Did Bitcoin Crash? What Really Happened Inside the Market<\/p>\n<p>\u201cA market weakened by falling outflows met a short-driven atmosphere and macro bad news, triggering a massive $109.7M long wipeout.\u201d \u2013 By <a href=\"https:\/\/twitter.com\/easy_Vero?ref_src=twsrc%5Etfw\">@easy_Vero<\/a> <a href=\"https:\/\/t.co\/ZbF4NVcifI\">pic.twitter.com\/ZbF4NVcifI<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2054856463810429358?ref_src=twsrc%5Etfw\">May 14, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>By May 11, the market was facing a shortage of buyers. While bitcoin inflows to exchanges remained stable, outflows fell sharply \u2014 to 19,995 BTC \u2014 well below early\u2011May averages (25,000\u201335,000 BTC). Net flows turned positive, creating excess sell-side liquidity and depriving the price of support.<\/p>\n<p>From May 8 to 10, traders aggressively opened short positions \u2014 negative <a href=\"https:\/\/forklog.com\/en\/news\/the-funding-rate-how-it-helps-anticipate-price-reversals-in-bitcoin-and-ethereum\">funding rates<\/a> confirmed the bearish bet. As the price fell, a domino effect followed: over three days, $109.7m worth of longs were forcibly closed. On May 12 alone, long liquidations were 11 times greater than short losses.<\/p>\n<p>The final trigger was the release of the <a href=\"https:\/\/forklog.com\/en\/news\/us-inflation-rises-to-3-8-bitcoin-remains-unmoved\">CPI<\/a> and PPI indices: US macro data ultimately <a href=\"https:\/\/forklog.com\/en\/news\/high-inflation-in-the-us-alarms-bitcoin-traders\">sapped<\/a> investor sentiment, the analyst stressed.<\/p>\n<p>Easy On Chain sees limited room for recovery for now. A reversal would require a decline in forced liquidations and a return of net exchange flows to negative territory.<\/p>\n<h2 class=\"wp-block-heading\">Whales return<\/h2>\n<p>Glassnode analysts recorded a return of institutional demand for bitcoin. After the drop to $60,000 and the subsequent recovery towards $80,000, inflows into US spot bitcoin ETFs turned consistently positive.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Rally Without Conviction<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> has recovered above $80K as ETF inflows, spot demand, and positioning improve. However, weaker capital inflows and heavy overhead supply near $86K keep conviction below prior bull phases.<\/p>\n<p>Read the full Week On-Chain\ud83d\udc47<a href=\"https:\/\/t.co\/ZKsyqqaQR5\">https:\/\/t.co\/ZKsyqqaQR5<\/a> <a href=\"https:\/\/t.co\/xjZREW5ify\">pic.twitter.com\/xjZREW5ify<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/2054573160687607845?ref_src=twsrc%5Etfw\">May 13, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>During February\u2019s decline, investors\u2019 unrealised losses reached 25%. After the move above $80,000 they fell to 8%. In the experts\u2019 view, the market has shifted from fear to uncertainty. If $60,000 holds, this cycle could see the \u201cshallowest\u201d drawdown in the asset\u2019s history.<\/p>\n<h2 class=\"wp-block-heading\">Capital flows<\/h2>\n<p>Net capital inflows to the network are about $2.8bn per month. That confirms a positive trend, but the figure remains well below the 2023\u201325 bull\u2011market levels, when inflows exceeded $10bn.<\/p>\n<p>Glassnode highlighted the following key levels:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>support: <\/strong>$76,900 \u2014 the average cost basis of short\u2011term investors over the past 30 days;<\/li>\n<li><strong>resistance: <\/strong>$86,900 \u2014 the zone of volume concentration accumulated from November to February.<\/li>\n<\/ul>\n<p>Aggressive buying is evident on Coinbase, underscoring spot demand. Traders on <a href=\"https:\/\/forklog.com\/en\/news\/the-price-of-popularity-and-a-lesson-for-all-hyperliquid\">Hyperliquid<\/a> are also adding long positions.<\/p>\n<p>Volatility is easing, and demand for downside hedges (put options) is softening. Analysts flag sensitivity around $82,000: given dealer positioning, a move into this zone could spark a sharp rise in volatility.<\/p>\n<p>Experts conclude that market structure is improving, but stronger capital inflows are needed for a full\u2011blown bull run.<\/p>\n<p>Earlier, MN Trading founder Micha\u00ebl van de Poppe <a href=\"https:\/\/forklog.com\/en\/news\/analysts-see-bitcoin-emerging-from-its-bear-phase\">argued<\/a> that bitcoin has no obvious reasons to fall. In his words, a false notion of a forming \u201cbear flag\u201d and a move to $50,000 by year-end has taken hold in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 13 bitcoin slipped below $80,000 as April PPI rose 1%, the highest since March 2022.<\/p>\n","protected":false},"author":1,"featured_media":97101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin drops below $80,000 as hot US PPI stokes rate fears.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1273,1268,26],"class_list":["post-97100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-glassnode","tag-on-chain-analysis","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin drops below $80,000 as hot US PPI stokes rate fears.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97100"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97100\/revisions"}],"predecessor-version":[{"id":97102,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97100\/revisions\/97102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97101"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}