Why Can't Bitcoin Hold $80,000 When Sellers Have Given Up?

Bitcoin (BTC) trades near $78,257 after slipping back below $80,000, the level analysts say must break before liquidity returns. On-chain data show easing selling pressure, yet fresh spot buyers have not arrived. Easing selling pressure has carried the move further than fresh buying has. Futures traders have led the rebound, while spot flows stay neutral.