Bitcoin briefly reached about $81,000 before retreating but continued trading above $80,000, extending a sharp weekly advance of more than $16,000. The move followed a U.S. Treasury announcement on bond buybacks and lifted the Crypto Fear & Greed Index to 83, a reading classified as extreme greed.
The rally has not removed doubts about its durability. Spot Bitcoin exchange-traded funds recorded more than $228 million in net outflows over the latest reported week, after roughly $681 million of withdrawals the week before. That pattern contrasts with the renewed ETF inflows highlighted during the earlier phase of the advance and leaves fund demand weaker even as the token holds its recent level.
Strategy continued adding to its corporate Bitcoin reserve.
Michael Saylor also signaled that another purchase could be forthcoming, keeping Strategy’s accumulation program in focus while ETF investors were withdrawing capital.
Analysts described the price move as potentially significant but stopped short of calling it a confirmed new bull market. Sticky inflation, geopolitical uncertainty, tight liquidity and elevated long-term Treasury yields remain cited risks. The rally’s next tests include whether ETF inflows return, whether inflation and Treasury yields ease, and whether Bitcoin can sustain gains beyond the $80,000 threshold.