Bitcoin Price Rebounds to $80,000 Amid Rising Spot Volumes and Derivatives Activity

The Bitcoin price has made an impressive rebound, rising by almost 40% from its local cycle low near $57,000 to around $80,000.

Last week's move caught the market off guard, with BTC jumping from roughly $63,000 and giving back very little of that advance so far. New demand is absorbing a meaningful part of the profit-taking.

The scale of the rebound is significant, but what's even more interesting is what's happening beneath the surface: spot volumes are rising, derivatives activity is increasing, ETF inflows are strengthening, and the number of active addresses on the network is moving higher. This no longer looks like a purely technical rebound after an oversold move.

U.S. spot Bitcoin ETFs attracted around $650 million in net inflows on Monday and Tuesday, following roughly $1.9 billion of inflows in the previous week. BlackRock's IBIT accounted for the majority of fresh ETF demand, attracting around $493 million during the first two sessions of the week.

Open interest and futures-market activity are rising again, confirming the return of speculative capital and stronger risk appetite. On-chain activity has accelerated noticeably: the number of active addresses, transfer volumes, and the share of supply in profit are all increasing.