Bitcoin Faces Heavy Selling at $80K as Market Fails to Satisfy Sellers

Bitcoin has tested the $80,000 resistance twice but encountered strong selling and downward momentum, with the crypto market cap retreating from a $2.64T peak to around $2.60T. Seven-day gains remain modest at 2.8%, sentiment has shifted neutral at index 47, and a derivatives short squeeze fueled the push above $79K, heightening reversal risks. Whales added over 40,000 BTC in two weeks, and Metaplanet issued $50m bonds for more purchases, bolstering demand amid corrective pullbacks in the uptrend, though aggressive sell orders keep downside elevated.