Bitcoin climbed as high as $82,479 in early trading, coming within reach of the May 6 peak at $82,496. It later changed hands at $81,322, up 0.87% over the past 24 hours. The move extends a rebound that began from the 14-day low of $75,436 recorded at 3 a.m. on April 30, bringing the gain from that trough to 7.80%. Ether also moved higher, touching $2,382 over the same period before trading at $2,346, a daily increase of 1.03%. From its April 30 low of $2,231, ETH has recovered by more than 5%.
Shorts take the brunt as liquidations reach $380.16 million
According to CoinGlass, total crypto liquidations over the past 24 hours reached $380.16 million, affecting 91,764 traders. Long liquidations accounted for $131.25 million, or 34.5% of the total. Short liquidations came in much higher at $248.91 million, representing 65.5%. In the last four hours alone, liquidations totaled $123.14 million, with shorts making up 83%, or about $102.59 million. The largest single liquidation was a $6.59 million ETH/USDT position on Binance.
Risk appetite improves as equities rise and ETF inflows continue
The source links the rebound to a combination of improving macro sentiment and ongoing spot Bitcoin ETF inflows. On May 8, the S&P 500 closed up 0.8% at 7,399, while the Nasdaq gained 1.7% to 26,247. Both indexes finished at record highs. April nonfarm payrolls increased by 115,000, and the unemployment rate stood at 4.3%, figures the report described as showing resilience in the labor market.
Spot Bitcoin ETFs have now posted net inflows for five consecutive weeks. For the week of May 1, inflows totaled $154 million, while April registered $2.44 billion in net inflows, the strongest monthly result since last October. BlackRock's IBIT was reported to hold about 812,000 BTC, worth roughly $62 billion, with a 62% market share. The source also noted that the Federal Reserve kept rates unchanged in the first quarter of 2026, while January CPI came in at 2.4%, the lowest in four years.
SOL and XRP post 14-day highs as gains spread beyond BTC
Large-cap altcoins outperformed Bitcoin during the move. Solana hit a 14-day high of $96.44 at 4 a.m. and later traded at $95.38, up 2.61% on the day. From its April 30 low of $82.14, SOL has rebounded by more than 16%. XRP also set a 14-day high, reaching $1.50 at 2 a.m. before easing to $1.453. Its 24-hour gain stood at 2.64%, and the token was up about 11% from its April 30 low of $1.35. The report said total crypto market capitalization also moved higher alongside the rally in major tokens.
Fear & Greed Index returns to neutral territory
Market sentiment has also recovered sharply. The Crypto Fear & Greed Index was reported at 48, placing it in neutral territory. That compares with 47 a day earlier, 40 a week earlier, and 15 one month ago, when the market was in extreme fear. The source ties that improvement in sentiment to Bitcoin's climb from $75,436 back above the $81,000 level.
The next checkpoints mentioned in the report are whether Bitcoin can break and hold above $82,496, and whether spot Bitcoin ETFs can maintain positive weekly flows. It also flagged the direction of Trump's tariff policy and oil-market safe-haven spillover linked to rising tensions involving the U.S., Israel, and Iran as macro factors still in view.