Bitcoin price rises to $81000, President Trump considers buying BTC
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The price of Bitcoin has rebounded to $81000, and US President Trump has stated that the government is considering purchasing a large amount of BTC, and the Clarity Act is expected to be passed within a few weeks. （The Bitcoin Historian）
CryptoQuant analyst Axel Adler Jr. stated that BTC has re entered the short-term holder cost line of $68200 and surpassed the SMA111 of $67500 and SMA200 of $69000. At present, SMA111 and SMA200 are both below SMA365 at $83200, and the trend reversal has not been confirmed yet. BTC needs to hold in the $68000 to $69000 range and break through the SMA365 resistance level of $83200.
According to TradingBeats monitoring, as of press time, BTC has risen by about 3.0% in the past 24 hours, ETH has risen by about 0.9%, and BTC is leading by about 2.2 percentage points in the short term. However, during the period when BTC is dominant, address 0x0911 is involved in a $20 million fund movement.
CryptoQuant analyst Darkfost stated on X platform that the total demand for BTC has increased to approximately 170000 BTC in the past 30 days, and the market is currently entering a demand driven upward phase, with new demand absorbing profit taking and selling orders.
PeckShield detected that a certain wallet address quickly sold after buying YT reUSD to increase its yield, resulting in the liquidation of approximately $36.39 million in PT reUSD circulating positions on Morpho. （PeckShieldAlert）
