Bitcoin crossed the $80,000 mark overnight, triggering the liquidation of approximately $225 million in short positions within just ten minutes. At the time of writing, BTC trades around $80,761, up 4.37% over 24 hours and nearly 26% over seven days, pushing its market cap back above $1.62 trillion. August 2026 is already shaping up as Bitcoin’s second-best August on record, defying the historically weak seasonal trend for this period. This bullish momentum coincides with renewed institutional interest from investors such as Ray Dalio, Stanley Druckenmiller, and Paul Tudor Jones, while retail investors remain on the sidelines. The breach of $80,000 clearly shifts the advantage to buyers, with the next test being BTC’s ability to consolidate this level and target the $90,000 zone.
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