BTC Holds Above $80K as Realized Profits Peak, but Activity Hits 2-Year Lows

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Rommie Analytics

Key Takeaways:

  • BTC at $80,800, after crossing $81,300 on May 5
  • Net realized profits: +$207.56M Sunday.
  • Daily active addresses: 531K.
  • New wallets created daily: 203K.
  • Price rose 22% in five weeks on 2-year low participation.
  • All three MAs below price: 50 at $79,467, 100 at $78,803, 200 at $77,782.
  • RSI: 63.46 – building momentum, not overbought.
  • Confirmation signal: network activity rising while price holds above $80K.

Two Datasets: Two Opposite Readings

Bitcoin crossed $80,000 for the first time in three months on May 4 and is holding above that level on May 5 at $80,824. The price briefly touched $81,300 during the session before pulling back to current levels. The move above $81K and the subsequent hold above $80K describes a market absorbing sell...

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