{"id":97313,"date":"2026-05-21T16:30:36","date_gmt":"2026-05-21T13:30:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97313"},"modified":"2026-05-21T16:35:14","modified_gmt":"2026-05-21T13:35:14","slug":"analysts-outline-conditions-for-bitcoins-return-above-80000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/analysts-outline-conditions-for-bitcoins-return-above-80000\/","title":{"rendered":"Analysts Outline Conditions for Bitcoin’s Return Above $80,000"},"content":{"rendered":"

On May 21, the price of the leading cryptocurrency fell below $78,000. The market faced pressure from the ongoing outflow from bitcoin-ETF<\/a>s and low demand in the spot market.<\/p>\n

\"BTCUSDT_2026-05-21_15-45-46\"
Hourly chart of BTC\/USDT on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

On May 20, the net outflow from funds amounted to $70.47 million. This negative trend has persisted for four consecutive sessions.<\/p>\n

\"Screenshot
Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

The situation with Ethereum-ETFs appears worse: the net outflow reached $28.14 million, with total losses over the past nine days exceeding $500 million.<\/p>\n

\"Screenshot
Source: SoSoValue<\/a>.<\/figcaption><\/figure>\n

Analysts at Bitfinex noted<\/a> that the market faced a massive wave of liquidations at the start of the week. Monday was the worst day since February, with long positions worth $584 million forcibly closed. Despite the stabilization of open interest in the range of $36.6 billion-$37.8 billion, buyers have yet to show activity.<\/p>\n

According to a report by Glassnode<\/a>, bitcoin is trading below the “true market average price” ($78,300). Historically, this level separates bullish and bearish trends. For growth to resume, the price must consolidate above this mark, which currently acts as resistance.<\/p>\n

Experts identified several key factors contributing to bitcoin’s weakness:<\/p>\n