Bitcoin: Surges Toward $80K on ETF Demand

Latest Update
8/24/2026 5:00:13 PM

Bitcoin: Surges Toward $80K on ETF Demand

Bitcoin surges toward $80k as spot, derivatives and ETF demand accelerate per Glassnode, with 4h chart showing overbought RSI at $78757.51.

Analysis

Bitcoin has surged toward $80k as spot, derivatives and ETF demand accelerate according to Glassnode‘s BTC Market Pulse Week 35.

Rising activity and profitability back the advance even as muted macro inflows keep the move tactically driven. BTC price prediction models now focus on whether spot ETF flows can sustain momentum over the next quarter.

Price sits at $78757.51 testing upper Bollinger resistance at $78999.93 while RSI(14) at 70.43 flashes overbought; with the MACD death cross already in place, a healthy retracement to the EMA50 support at $72858.66 looks probable before any further continuation.

Bitcoinderivativesspot marketBTC priceETF demand

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Source: blockchain.news