Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps rallies

Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps rallies

3.32%TRX$0.3256 0.42%LINK$9.16 1.05%ADA$0.2486 1.39%BCH$443.66 0.22%XRP$1.37 0.87%ETH$2,283 1.77%BTC$77,156 2.02%XMR$387.28 1.55%BNB$617.89 0.36%XLM$0.1591 0.25%SOL$84.05 1.74%HYPE$40.17 1.74%Written by Antonio Oliveira⁠, Staff Writer. Reviewed by Ray Salmond⁠, Staff Editor. Written by Antonio Oliveira⁠, Staff Writer. Reviewed by Ray Salmond⁠, Staff Editor. Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps ralliesMarketsPublishedMay 1, 2026Bitcoin bulls took another swing at the $77,000 resistance, but profit-taking and traders’ reluctance to increase margin and spot longs limit the strength of each breakout. Bitcoin (BTC) traders pushed the price to $77,400, but data suggests profit-taking may thwart the bull's goal of turning the $77,000 to $80,000 zone into support. Orderbook data from TRDR shows over $130 million in asks extending from $76,700 to $79,30

Source: https://cointelegraph.com/markets/bitcoins-surge-through-77k-pressures-shorts-but-absent-spot-and-long-leverage-cap-rallies?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound