Bitcoin nears $80K as spot volumes and futures interest signal bullish momentum.

Bitcoin is approaching $80,000, supported by rising spot market buy volumes and increasing futures open interest. The price rebounded from the 100-day exponential moving average, indicating a sustained bullish trend. Institutional demand is tightening available supply, with significant ETF inflows and reduced OTC desk balances. These factors suggest strong buying pressure and potential for a short squeeze near $80,000, signaling a likely rally continuation.