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Bitcoin faces test holding $80,000 as profit-taking rises and buying stays muted

Bitcoin is failing to settle above $80,000 and is showing a price pattern sensitive to selling pressure. Analysis cited by Cointelegraph says the market is not fully absorbing profit-taking by investors who have moved into gains. CryptoQuant data shows long-held coins moving on-chain and SOPR rising, pointing to more transfers in profit. U.S. buying remains muted as the Coinbase premium stays mostly negative, with ETF inflows seen as a potential source of demand.