Bitcoin is undergoing a critical market transition at the $80,000 price level, characterized by intense tug-of-war between bulls and bears. While seasoned holders are accelerating profit-taking with realized profits exceeding $1.1 billion, continuous institutional capital inflows through spot Bitcoin ETFs—particularly BlackRock's IBIT—are effectively absorbing the selling pressure. Analysts believe this筹码 rotation helps reset market cost bases and lays a solid foundation for subsequent upside. Short-covering pressure and anticipated U.S. legislative progress further reinforce market confidence in Bitcoin targeting $90,000.

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