Bitcoin Reclaims $80,000 for First Time Since January 2026

May 6, 2026

Bitcoin briefly reached $80,594 early on May 4, 2026, its highest price since January 31, 2026. The rally triggered $301.93 million in short liquidations out of $370 million total crypto liquidations. U.S. spot Bitcoin ETFs pulled in $1.97 billion in April 2026, the highest monthly total since October 2025, with $153.9 million in net inflows during the week ending May 3, 2026. Bitcoin futures open interest climbed to 763.35K BTC as of May 4.

Bitcoin price rally

▪Ether climbed 2.3% to $2,368 on May 4, 2026 and is up 2.2% for the week.
▪Bitcoin was trading around $79,851 as of May 4, 2026, at 10:30 a.m.
▪Bitcoin briefly reached $80,594 early on May 4, 2026, its highest price since January 31, 2026.
▪Dogecoin rose 3.5% on May 4, 2026 and 14.3% for the week to $0.1119.

Short liquidations

▪Ether traders contributed $95 million to the liquidations on May 4, 2026.
▪Total crypto liquidations reached $370 million over the 24 hours ending May 4, 2026, affecting 97,235 traders.
▪Bitcoin liquidations accounted for $179 million of the total wipeout on May 4, 2026.
▪Short positions accounted for $301.93 million of the $370 million in total crypto liquidations on May 4, 2026.
▪A similar short squeeze on April 18, 2026 wiped out $593 million in shorts as Bitcoin pushed past $77,000.
▪The single-largest liquidation on May 4, 2026 was an $11.77 million ETH/USDT short on Binance.

Derivatives positioning

▪Monero and M funding rates have surged above 60% as of May 4, 2026, raising the risk of long squeezes.
▪Zcash open interest is hovering near a four-month high at 2.26 million tokens as of May 4, 2026.
▪Ethereum futures open interest rose to 14.17 million ETH as of May 4, 2026, the highest level since April 18, 2026.

ETF flows

▪Ether ETFs saw $82.5 million in net outflows during the week ending May 3, 2026, ending a three-week inflow streak.
▪U.S. spot Bitcoin ETFs pulled in $1.97 billion in April 2026, the highest monthly total since October 2025.
▪Net inflows into U.S. spot Bitcoin ETFs reached $153.9 million during the week ending May 3, 2026.

RWA token surge

▪Ondo Finance's ONDO token rose 11% over the 24 hours ending May 4, 2026.
▪More than $30.9 billion in real-world assets have been tokenized as of May 4, 2026.
▪Ondo Finance's total value locked stands at $3.57 billion as of May 4, 2026.
▪Ondo Finance has a market value of $1.5 billion as of May 4, 2026.