Bitcoin (BTC) Price: Hits $80,000 for the First Time Since May as ETF Inflows Surge

TLDR

Bitcoin crossed $80,000 for the first time since May 15, 2026 BTC is up 38% from its late-June/early-July lows near $58,000 U.S. spot Bitcoin ETFs saw $1.9 billion in inflows last week, the largest since October 2025 Falling Treasury yields and U.S. Treasury buyback policy helped drive the move Over $220 million in crypto short liquidations occurred in 24 hours around the $80K break

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Bitcoin climbed above $80,000 on Monday for the first time since May 15, extending a recovery that has picked up pace over the past week.

Bitcoin (BTC) Price

The move came during the Wall Street open, with BTC/USD rising around 3% on the day before pulling back slightly after the European close.

From its late-June and early-July lows, where Bitcoin briefly dipped below $58,000, BTC has now gained roughly 38%.

The recovery has been helped by shifting U.S. Treasury policy. The Treasury doubled its planned buybacks of long-dated government bonds through early November, funding those purchases with short-term debt. On Monday, the Treasury also suggested it could use its nearly $1 trillion General Account to fund those buybacks.

Falling Treasury yields offered broader relief to risk assets, including crypto, after months of tight financial conditions.

ETF Demand Returns

Spot Bitcoin ETFs listed in the U.S. pulled in around $1.9 billion last week. That was the largest weekly inflow since October 2025, showing renewed interest from traditional investors.

Source: https://t.co/RKnBmYfPsa

— Wu Blockchain (@WuBlockchain) August 25, 2026

The $80,000 break also triggered a wave of short liquidations. Data from CoinGlass showed over $220 million in crypto short liquidations in the 24 hours around the move. A cluster of bid liquidity sits near $76,700, which analysts see as a potential support level if prices pull back.

Bitcoin is up 25% in August month-to-date, its best August performance since 2017.

Analysts Watch for Sustained Strength

Analyst Ali Charts posted on X that Bitcoin has reclaimed its 1,130-day simple moving average. According to Ali Charts, this level has marked the end of previous bear markets across four market cycles. Bitcoin lost that moving average on June 1, 2026, and spent 80 days below it before reclaiming it on August 20 after breaking above $74,000. Ali Charts noted that if history repeats, the market bottom may already be in.

BITCOIN: ANOTHER BULLISH SIGNAL$BTC has just reclaimed its 1,130-day simple moving average as support, a level that has consistently marked the end of previous bear markets.

Over the past four market cycles, Bitcoin began a new bull market shortly after reclaiming this moving… https://t.co/a5vYLsH6GP pic.twitter.com/Re8TYnDe5o

— Ali Charts (@alicharts) August 24, 2026

Trader and analyst Rekt Capital noted that Bitcoin achieved its first weekly close above the 50-week exponential moving average, currently at $77,251, since November 2025.

“If this is a Bear Market Relief Rally, then Bitcoin could pullback as early as this week, or at least over the next few weeks,” Rekt Capital wrote. “Now it’s all about Bitcoin proving sustained strength.”

During Bitcoin’s 2022 bear market, BTC saw two weekly closes above the 50-week EMA before dropping to cycle lows.

All eyes now turn to the Federal Reserve’s preferred inflation gauge, the PCE index, due this week.

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