Multiple indicators suggest that the market has shifted back to a bullish sentiment, with Bitcoin potentially rising to $80,000.

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**Bitcoin Targets $80k After Holding 100-Day EMA Support** May 2nd data points flag $80,000 as Bitcoin’s next key level. The top crypto rebounded 2.52% to $78,800 on Friday after holding support at its 100-day Exponential Moving Average (EMA), maintaining a strong short-term uptrend. - **Spot Demand Surges**: Cumulative Volume Delta (CVD) hit 11,500 BTC — the highest since Feb 17 — signaling buyers absorbed supply during recent pullbacks. - **Derivatives Expand**: Open interest (OI) rose 6.64% to 257,000 BTC, indicating new positions as BTC consolidates below $80k. This follows a ~9,000 BTC liquidation of excess leveraged bets. - **Futures Activity Picks Up**: Volume recovered to 98,300 BTC (returning net buying pressure) but remains below April 27 pullback levels. Liquidity clusters in the $78k-$80k range, with ~$2.1B in short positions at risk — a potential short squeeze trigger. - **Institutional Tailwinds**: OTC desk 30-day balance change is ~-20,700 BTC (similar to March 2025), with outflows reducing immediate supply. April ETF inflows totaled $1.97B. This rewrite uses American English conventions (casual brevity, "k" for thousands, clear headline structure) and streamlines redundant points for readability, aligning with U.S. crypto news style.

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