Bitcoin Nears USD 80,000: Remaining Gap and Key Factors After a 22% Surge in 7 Days
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Bitcoin has climbed back to just below USD 80,000. The displayed price on Coinbase's BTC/USD page, checked at 2026-08-23 13:18 Korea time, was USD 77,308.45 per 1BTC, with a 22.62% increase shown over the past 7 days. Bitcoin was approximately USD 2,692 away from USD 80,000 in price terms. However, because this rally has coincided with changes in the U.S. Treasury market and inflows into investment products, it is important to look beyond simply whether Bitcoin breaks above USD 80,000 and assess whether the forces driving the rally can be sustained.
How Far Is Bitcoin From USD 80,000 Right Now?
Based on the price of USD 77,308.45 at the time of checking, the remaining gap to USD 80,000 was USD 2,691.55. According to the author's calculation, Bitcoin would need to rise by approximately 3.48% from its current price to reach USD 80,000.
The recent 24-hour high was displayed as USD 78,828.06. Calculated from that price, Bitcoin had been just USD 1,171.94, or approximately 1.49%, away from USD 80,000.
| Category | Price or Change |
|---|---|
| BTC price at the time of checking | USD 77,308.45 |
| Recent 24-hour high | USD 78,828.06 |
| Target price | USD 80,000 |
| Remaining gap from current price | USD 2,691.55 |
| Required increase from current price | Approximately 3.48% |
| Change over the past 7 days | +22.62% |
The calculation formula is `(80,000 - 77,308.45) ÷ 77,308.45 × 100`.
A gap in the 3% range may appear small when viewed purely as a number. However, Bitcoin is an asset that can move thousands of dollars in a single day, so being 'within reach' does not necessarily mean a breakout will occur. In fact, there was also a period during the past 24 hours when Bitcoin reached the USD 78,800 range before falling back into the USD 77,000 range.
Would Breaking Above USD 80,000 Set a New Bitcoin Record?
USD 80,000 is an important price level in the current rebound, but it is neither Bitcoin's all-time high nor its highest price of 2026. Bitcoin climbed to approximately USD 95,000 in January this year, then fell below USD 60,000 by late June. It subsequently recovered above USD 77,000 during the third week of August.
Therefore, rather than viewing this as 'Bitcoin's first attempt to reach USD 80,000,' it is more accurate to describe the current movement as an attempt to reclaim the USD 80,000 level following a substantial decline.
This distinction also matters when making investment decisions. Breaking above USD 80,000 is not the same as recovering the previous peak. Even if Bitcoin reclaims USD 80,000, further gains would still be required to return to approximately USD 95,000, the level reached in January.
What Is Driving Bitcoin's Rapid Rise This Week?
One of the clearest developments accompanying this rally has been a change in the U.S. long-term Treasury market. The U.S. Treasury Department announced on August 19 that it would increase the maximum size of each liquidity-support buyback operation involving 10–20-year and 20–30-year Treasury securities from the previous USD 2,000,000,000 to at least USD 4,000,000,000.
An important distinction is that the expanded buyback program has not yet been implemented. The revised limits are scheduled to apply from 2026-09-09 through November 4.
Following the announcement, the U.S. dollar weakened in financial markets, while gold and Bitcoin prices rose together. In other words, current prices already reflect some of the market's reaction to the planned expansion of Treasury buybacks.
It would therefore be inaccurate to interpret this as the Treasury Department having already injected large amounts of money into the Bitcoin market. Treasury buybacks are not a policy of purchasing Bitcoin. They are debt-management measures undertaken by the U.S. Treasury to support liquidity in the long-term government bond market.
In the cryptocurrency market, these developments were interpreted as factors that could change expectations regarding the dollar, interest rates, and financial-market liquidity.
Is Institutional Money Flowing Back In?
Of USD 2,200,000,000, USD 1,600,000,000 represents approximately 72.7% flowing into Bitcoin-related products, according to the author's calculation.
This is one reason it would be difficult to conclude that the rebound was driven solely by price movements in derivatives markets. Actual inflows into investment products were also observed during the same period.
However, when prices rise sharply over a short period, the liquidation of short positions can also amplify gains. A short position is a trade that bets on a price decline. When prices rise rapidly, some positions are forcibly closed, generating buy orders in the market. This is known as a 'short squeeze.'
Breaking Above USD 80,000 Would Not Confirm a Sustained Uptrend
The scale of the recent rally also deserves attention. According to Coinbase's displayed figures, Bitcoin rose by more than 22% in just 7 days. When prices rise this quickly, they may continue moving sharply higher, but volatility can also increase as short-term investors take profits.
Unlike stock markets, Bitcoin also trades on weekends. Cryptocurrency spot and derivatives markets continue operating even when U.S.-listed Bitcoin investment products are not trading. As a result, weekend price movements alone cannot reliably indicate what is happening with institutional fund flows at the same time.
Rather than focusing on whether Bitcoin briefly touches USD 80,000, it is better to monitor how well prices hold near USD 80,000, whether inflows into investment products continue, and how the U.S. dollar and Treasury yields move.
USD 80,000 Is Not the Only Number to Watch Right Now
To better understand the current Bitcoin rebound, it helps to examine three developments separately.
First is the actual BTC/USD price. Prices vary slightly between exchanges, so investors should check the price on the exchange they use.
Second is investment-product fund flows. Through the August 20 reporting period, approximately USD 1,600,000,000 had flowed into Bitcoin-focused products. However, subsequent data must be reviewed to determine whether that trend continues.
Third is the U.S. Treasury market and the dollar. The Treasury Department's announced expansion of long-term bond buybacks is scheduled to begin on September 9. It is therefore important to distinguish market expectations following the announcement from market reactions after the measures actually take effect.
Ultimately, Bitcoin is now considerably closer to USD 80,000 in numerical terms. But the more important question is not 'Will Bitcoin touch USD 80,000?' It is whether the capital flows and macroeconomic trends that have pushed Bitcoin up by more than 20% over the past week will continue afterward.
Cryptocurrencies that surge over a short period can experience substantial price swings in both directions. Rather than using the round-number level of USD 80,000 as the sole basis for buying or selling, investors should consider price movements, fund inflows, and changes in the dollar and interest rates together.
※ This article is provided for informational purposes to help readers understand market developments and does not constitute an investment recommendation for any particular security or asset. All final investment decisions and their associated risks are the responsibility of the individual investor.
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이 포스팅은 쿠팡 파트너스 활동의 일환으로, 이에 따른 일정액의 수수료를 제공받습니다.