{"id":2702,"date":"2026-04-27T22:02:31","date_gmt":"2026-04-27T22:02:31","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=2702"},"modified":"2026-04-27T22:02:31","modified_gmt":"2026-04-27T22:02:31","slug":"why-bitcoin-faced-another-rejection-at-80000-dollars","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/04\/27\/why-bitcoin-faced-another-rejection-at-80000-dollars\/","title":{"rendered":"Why Bitcoin Faced Another Rejection at 80,000 Dollars"},"content":{"rendered":"\n
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Bitcoin once again failed to break through the 80,000 dollar level, experiencing a quick decline that saw its price fall by roughly 2.5 percent within a few hours and slip below 78,000 dollars.<\/p>\n\n\n\n

The drop was not linked to any major news event. Instead, analysis from Darkfost suggests the move was driven largely by activity in the derivatives market. On Binance alone, around 1.2 billion dollars in sell orders flooded the market within a single hour, triggering the pullback.<\/p>\n\n\n\n

Derivatives Activity Drives Market Pressure<\/strong><\/p>\n\n\n\n

Across all trading platforms, total selling pressure climbed to about 1.35 billion dollars during that same period, with Binance leading the surge in derivatives trading. This happened alongside persistently negative funding rates, which have remained well below neutral levels for weeks.<\/p>\n\n\n\n

Data shows that the cumulative 30 day funding rate has dropped to nearly negative 7 percent, marking one of the lowest readings ever recorded. While such extreme sentiment can push prices lower in the short term, it also reflects an overcrowded bias in the market.<\/p>\n\n\n\n

Historically, conditions like this tend not to last. When too many traders take aggressive short positions, the market can reverse sharply as those positions are forced to close. This can create a chain reaction of liquidations that may fuel Bitcoin\u2019s next upward move.<\/p>\n\n\n\n

From a liquidation perspective, analysts at Bitunix noted that the 80,000 to 82,000 dollar range remains a strong resistance zone and a potential area for a short squeeze. The recent move into the 77,000 to 78,000 range appears to fall within a lower liquidity absorption zone, suggesting the decline is more of a rebalancing phase following liquidity release rather than a confirmed shift in trend.<\/p>\n\n\n\n

They explained that ongoing geopolitical uncertainty is keeping Bitcoin in a range bound cycle, where price action is shaped more by liquidity positioning and external catalysts than by a clear directional trend.<\/p>\n\n\n\n

Wider Market Outlook<\/strong><\/p>\n\n\n\n

Looking at the broader picture, crypto trader Doctor Profit believes Bitcoin could climb toward the 83,000 to 87,000 dollar range before facing a sharp correction. He indicated plans to take profits from a long position entered at 71,000 dollars and to increase short positions between 83,000 and 85,000 dollars.<\/p>\n\n\n\n

He also identified 87,700 dollars as a potential resistance level and warned of a significant market event that could liquidate both bullish and bearish traders. Additionally, he does not expect the upcoming Federal Open Market Committee meeting to bring any immediate changes to interest rates, expressing skepticism about a near term shift in policy.#crypto#cryptonews https:\/\/coinsignals.net<\/a> https:\/\/t.me\/coinsignalpublic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin once again failed to break through the 80,000 dollar level, experiencing a quick decline that saw its price fall by roughly 2.5 percent within a...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2702","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=2702"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2702\/revisions"}],"predecessor-version":[{"id":2704,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/2702\/revisions\/2704"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=2702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=2702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=2702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}