Bitcoin’s Seven-Day Run Delivers 25% Gain as Bulls Take Control

Bitcoin pushed past $80,000 for the first time since May, bringing its seven-day rally to roughly 25%.

BTC advanced more than 4% over the previous 24 hours, breaking above the $80,000 threshold and extending its weekly gains to about 25%. The CoinDesk 20 (CD20) index climbed 2.7% over the same period.

The crypto market’s latest surge began last week when the U.S. Treasury announced that it would at least double buybacks of long-dated bonds. According to Glassnode, the rally then gained speed as stronger spot demand and improving liquidity signaled substantial capital deployment.

Bitfinex analysts urged caution despite the strong price action. About $3 billion in crypto short positions were liquidated over two days, while Bitcoin network transaction activity remained close to its lowest level in eight years.

Gold also continued to strengthen, reaching a three-month peak near $4,650 an ounce. Brent crude, meanwhile, declined more than 2% over 24 hours as traders appeared to largely overlook the U.S. expansion of economic measures targeting Iran.

Derivatives Positioning

Bitcoin’s rally has taken a breather since the Asian session, but futures positioning remains tilted toward the bulls. Long positions made up more than 51% of total taker flow, which represents traders executing orders against available liquidity.

Futures leverage also remains relatively low. BTC open interest is holding in the low-700,000 BTC range after falling sharply during last week’s rally, when a large wave of short positions was forced out of the market. The reduced leverage could be constructive because excessive borrowing tends to magnify sudden moves and increase volatility.

Ether and XRP futures are displaying similar conditions. Solana (SOL) open interest increased 4% over the past 24 hours to 66.14 million SOL, though it remains within its recent range. A sustained move above $100 could bring additional capital into SOL, which has traded between roughly $70 and $100 since February.

CVD Shows Renewed Selling

The 24-hour open-interest-adjusted cumulative volume delta (CVD) has turned negative across most major cryptocurrencies, including BTC, ETH and ADA. The reading points to increased aggressive selling, with traders relying more on market orders to initiate shorts rather than passive limit orders.

Volatility Starts to Ease

Options sellers appear to be returning, limiting Bitcoin’s rise in implied volatility. The 30-day BVIV index has slipped to 45% from 49% on Friday, while Ether’s volatility gauge has followed a similar path.

Options Traders Still Bet on Upside

Some traders have spent millions on options positions targeting a rapid Bitcoin move above $82,000. Trading activity in BTC and ETH options also remains skewed toward calls and other bullish exposure. However, negative seven-day skews indicate continued demand for downside hedges, Laevitas data shows.

Token Moves

Virtuals Protocol (VIRTUAL) gained 12.5% after extending its AI-agent tokenization platform to Solana. The rollout enables AI agents to raise funds, determine fees and carry out transactions through their own wallets.

Stacks (STX) jumped 16%, making it the strongest performer among the listed tokens despite lacking a clear news catalyst.

Polygon (POL) advanced 12% after co-founder Sandeep Nailwal said the team was progressing on a proposal to revise staking and tokenomics.

Injective (INJ) rose 10%, adding to gains that followed an affiliate’s SEC registration as a transfer agent. Solana gained 5.1% amid continued ETF inflows and preparations for a network upgrade.

Aave (AAVE) declined 8.5%, while Ethena (ENA) fell 6.4%, with neither move tied to a clear project-specific catalyst. Morpho (MORPHO) dropped 7.9%, and ether.fi (ETHFI) slipped 1.3% after recording an approximately 30% gain over the prior week.