Cryptocurrency8 May 2026SEO 801 min read

Analysis: Bitcoin slips below $80,000: Why the 'Trump rally' is hitting a wall of profit-…

CryptoQuant says traders are cashing out into strength, Enflux ties the move to easing Hormuz tensions, while Glassnode argues bitcoin has reclaimed key levels…

CryptoQuant says traders are cashing out into strength, Enflux ties the move to easing Hormuz tensions, while Glassnode argues bitcoin has reclaimed key levels needed for a broader recovery. Bitcoin briefly broke above $80,000 before slipping back as on-chain data showed heavy profit-taking, especially from short-term holders. Analysts are split on the move, with CryptoQuant and Enflux framing it as a fragile, macro-driven relief rally while Glassnode sees early signs of a structural recovery b…

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