Bitcoin breaks $80K as whale buying tightens supply and strengthens recovery.

Bitcoin surged past $80,000 for the first time since January 31, driven by significant whale accumulation that removed over 4,500 BTC from circulation, tightening supply on exchanges. This strong buying from large holders signals confidence and sets a foundation for potential further price gains, despite some short-term sell pressure from mixed netflows. Technical indicators like RSI and NVT ratio suggest healthier market conditions and room for continued upside, though resistance near $80K–$85K remains a key hurdle. The market awaits clearer direction as accumulation continues and supply dynamics evolve.