Bitcoin Retreats After $85,000 Breakout on Thin Trading Activity

Bitcoin (BTC) retreated after moving above $85,000 as subdued trading activity and limited new capital left the advance dependent on existing holders paying higher prices. Combined spot exchange and U.S. exchange-traded fund volume averaged $6.8 billion per day, below the level seen on 90% of trading days since early 2024. Capital from ETFs, stablecoins and corporate treasuries accounted for less than 40% of the $12.8 billion increase in realized capitalization. Short-term buyers who entered before the Sunday close above $85,000 took profits. Exchange inflows from profitable holders reached their highest share in a year.

Source: TokenPost