Bitcoin stalls below $80,000 as short squeeze fuel fades

invezz.com (Swedish)

Bitcoin traded near $77,000 on Monday, holding last week's gains but remaining below the $80,000 mark after a 20% surge. The rally was driven by a historic short squeeze, ETF inflows, and a weaker dollar, but analysts say the forced buying power is fading. Over $4.3 billion in short positions were liquidated, leaving Bitcoin dependent on sustained institutional demand. US spot Bitcoin ETFs attracted $1.9 billion last week, the strongest 2026 weekly figure, led by BlackRock's IBIT. However, high Treasury yields and potential Fed tightening remain key risks, with analysts viewing $80,000 as a critical resistance level.


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