Bitcoin faces $80,000 resistance as derivatives shows signs of risk aversion
Bitcoin is approaching the $80,000 resistance level amid signs of profit-taking and risk aversion in derivatives markets, as rising oil prices, bond yields, and upcoming U.S. inflation data weigh on sentiment. Derivatives indicators show declining open interest, increased long liquidations, and subdued volatility, suggesting caution among traders. While Bitcoin remains slightly positive, market structure points to potential downward pressure if bullish momentum fails to materialize.
- ▪Bitcoin is facing resistance near $80,000 as short-term holders, with a cost basis around that level, may take profits, limiting upward movement.
- ▪Derivatives markets reflect risk aversion, with a 2% drop in futures open interest, over $500 million in long liquidations, and rising trading volumes indicating position closures.
- ▪U.S. March PCE inflation data, elevated oil prices, and a Federal Reserve decision with four dissenting votes are contributing to macroeconomic uncertainty affecting risk assets.
- ▪Bitcoin's 30-day implied volatility has fallen to 41%, its lowest since January 29, showing reduced market sensitivity to adverse macro developments.
- ▪Market makers may sell into rallies near $80,000 due to long gamma dynamics from concentrated call options, potentially capping gains.
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin faces $80,000 resistance as derivatives show signs of risk aversionBitcoin faces profit-taking pressure near $80,000, backed up by a U.S. inflation report that comes as high oil prices and rising bond yields weigh on risk assets.By Francisco Rodrigues, Omkar Godbole|Edited by Sheldon RebackUpdated Apr 30, 2026, 1:48 p.m. Published Apr 30, 2026, 11:01 a.m. 3 min readMake preferred on Energy costs are likely to have driven up in U.S. inflation. (Shutterstock)What to know: Bitcoin faces profit-taking pressure near $80,000 and looming U.S.
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