Bitcoin tests $80,000 resistance as ETF investors, whales near break-even

Bitcoin tests the $80,000 wall. A failed break could send Bitcoin back below $70,000.

CryptoQuant flags a decision zone where two buyer groups sit near break-even. ETF entrants and short‑term whales now face the same pressure points (CryptoQuant report).

ETF investors’ Realized Price was about $76.4k on April 21. That cohort was underwater from January 30 until the April 23 move back above $77,000.

Short‑term holder whales show a similar setup. Their Realized Price sits near $79,600, slightly above spot, implying losses since November 1.

With price ranging $76k–$80k, both ETF demand and whale positioning cluster at “decision points” (CryptoQuant).

Two paths, per Ash Crypto’s view (two‑scenario outlook):
- A daily close above $80,000 confirms follow‑through and targets $86,000 to $90,000
- A rejection near $80,000 risks a drop toward $74,000 to $68,000