According to data from CMC, the Bitcoin price recovered most of the losses sustained the day before, after the release of the most robust US inflation statistics in four years. Despite the data’s potential ramifications for further tightening of financial policy, US equities swiftly shrugged them off. At the time of writing, BTC is trading above the $81K mark amid the ongoing senate markup meeting on Clarity Act.
The S&P 500 resumed its record-breaking daily ascent on Thursday, posting an even higher finish. Never since early February has the Dow Jones Industrial Average returned to the 50,000 point mark. A record $177 billion is the amount of assets under management (AUM) in US leveraged ETFs. The aggregate asset value of leveraged ETFs has increased by +$45 billion since the low in March.
Despite worries that central banks were taking a “hawkish stance,” an expert characterized the increase in the world’s money supply as a boon for cryptocurrency and risk assets. He went on to say that the US money supply reached a new high of $22.7 trillion, an increase of $1 trillion year over year or 4.6%.
Onchain Selling Pressure Still Clouds a Clear Breakout Path
Oil prices failed to reach new heights as the US-Iran feud continued to simmer on, with WTI crude approaching $100 per barrel again after previously breaking beyond. According to an analyst note shared by Bitfinex on Thursday, Bitcoin’s onchain indicators are showing their most positive signs since early February. However, the note also highlighted that underlying selling behavior and derivatives positioning indicate that the path to new highs would not be simple.
Since BTC surged to over $82,000 on May 11, before falling from $81,000 to the lower $79,000 on Thursday, long-term holders—whose bitcoin holdings have grown by 300% since the end of 2025 to roughly 4 million tokens—have begun reaping $180 million in earnings every day.
When compared to previous cycles, it is a reasonable level, which indicates that the present selling is under control. They said that daily realized losses still amount to $479 million, which is a major cause for worry. This number is closer to $200 million at slower times. There will be no definitive confirmation of an onchain recovery until losses fall below the $200 million range.