Bitcoin Hits $81K on Short Squeeze Despite $1.6B Aggressive Selling Wave

Bitcoin climbed to $81,000 on May 5, up 1.3%, fueled by short squeezes during low-liquidity hours and institutions buying over 500% of daily mining output, even as a $1.6 billion wave of aggressive selling rocked markets. The advance builds on volatility: a January peak near $92,000 fell to March lows around $68,700 amid oil surges to $119/bbl and Iran tensions, followed by April's 13% rally post-ceasefire, $546M ETF inflows, MicroStrategy's $255M buys, and US debt exceeding $39T. Early May consolidation above $77K led to a $40B inflow-driven break above $80K on May 4, with CLARITY Act odds surpassing 60%.