Bitcoin Hits $80,000: Massive Short Squeeze and Institutional Buying Drive $96K Target

04-May-2026 Bitcoin.com
Bitcoin crossed $80,000 on May 4, 2026, snapping weeks of range-bound trading as institutional buying and a mass short liquidation combined to push the leading cryptocurrency past its most-watched resistance level. Key Takeaways: Bitcoin hit $80,039, breaking above key resistance for the first time in weeks. Capriole data shows institutions absorbing 500%+ of daily mined […]
Also read: Bitcoin Reclaims $80,000: Two On-Chain Signals Point to What Comes Next
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