Bitcoin: Spot Demand Fuels 30% Rally

Bitcoin advanced 30% from $63K to nearly $80K while open interest declined and ETF flows turned strongly positive, marking a shift toward spot-driven buying rather than leverage-fueled moves.

Price action now tests upper Bollinger resistance at $78336.31 with RSI(14) at 67.44 and MACD showing a death cross at 1762.57, yet the structure remains bullish above EMA50 support at $72315.28 and EMA200 at $66951.31; a healthy retracement toward the 50-EMA appears probable before continuation as volatility stays contained inside the bands.