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Bitcoin rally breakout momentum fades as U.S. demand and futures indicators weaken

Bitcoin has recently risen but may fail to break back above $80,000 as signals point to slowing U.S. institutional demand, an analysis said. The Coinbase premium index fell even as price approached resistance again, indicating weaker U.S. buying. Futures indicators also softened, with open interest down and funding rates less negative, suggesting reduced short-covering pressure. Traders are watching $79,510 as a key level, with multiple support zones below.