Bitcoin holds near $80,000 after facing resistance at $82,500, with market sentiment turning cautious following significant ETF outflows.

Bitcoin holds near $80,000 after facing resistance at $82,500, with market sentiment turning cautious following significant ETF outflows. US-listed spot Bitcoin ETFs saw net outflows of $268 million on Thursday, suggesting profit-taking after the recent strong rally. Bitcoin was trading at $80,371, up 0.94% in the past 24 hours, while Ethereum gained 1.83%. The broader crypto market capitalization rose 1.35% to $2.68 trillion. Analysts note that high-leverage long positions in Ethereum derivatives have declined sharply, indicating liquidations during recent volatility. Despite near-term caution, Bitcoin's ability to maintain support near $80,000 reflects underlying market strength, with institutional demand continuing to provide support throughout the week.