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Bitcoin Clears Key Onchain Levels, Eyes $85K Resistance With $1.69B ETF Inflow Streak

GateNews
bitcoin newsethereum newsCapital FlowOn-Chain DataStockssolana newsMarket Analysis
BTC-0.79%

According to Glassnode, Bitcoin is trading near $81,000 on May 7 and has cleared two key onchain cost basis levels—the True Market Mean at $78,200 and the Short-Term Holder Cost Basis at $79,100. Spot Bitcoin ETFs recorded their fifth consecutive day of net inflows on May 7, drawing $46.3 million and bringing the five-day total to $1.69 billion, the longest inflow streak since July 2025, The Block reported. Analysts note the market is now approaching the next major ceiling at Bitcoin’s Active Realized Price of $85,200, where overhead selling pressure is likely to intensify.

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