Bitcoin short-term cost basis approaches profitability, but $80K must flip to support first

Burns Brief

Crypto markets turned euphoric as BTC traded above $80,000, but a rally through short-term holders’ cost basis is needed to cement the bull trend Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.