$1.2B in Inflow and a Fresh Strategy Buy, Bitcoins Battle for $80K Continues

BTC hit a 12-week high of $79,399 before reversing sharply to $77,700 after Brent crude reached $107 a barrel and Trump canceled US envoys' trip to Pakistan for Iran peace talks. The rejection marks the third failed attempt to clear $79,000 in eight sessions, with $80,000 acting as a breakeven zone that keeps generating selling pressure. On the bullish side, Strategy bought another 3,273 BTC for $255 million and crypto funds posted $1.2 billion in weekly inflows for a fourth straight positive week. The FOMC meeting on April 28-29 is the key event ahead.

Key Takeaways

• BTC spiked to $79,399 (12-week high) before sellers stepped in. This is the third failed attempt at $79,000 in eight sessions. $80,000 is the breakeven level for recent buyers.
• Brent crude hit $107 a barrel after Trump canceled the Pakistan talks on Saturday. The oil surge weighed on risk appetite across equities and crypto.
• Strategy purchased 3,273 BTC for $255 million at an average of $77,906 per coin. Total holdings now stand at 818,334 BTC acquired at an average cost of $75,537.
• Crypto funds saw $1.2 billion in weekly inflows (4th straight positive week). BTC products pulled in $932.5 million. Total AUM hit $155.3 billion, the highest since February 1.
• The FOMC meeting on April 28-29 is the main event this week and is likely keeping some traders cautious at these levels.

Three Catalysts Pulling BTC in Different Directions

Oil Surges After Trump Cancels Pakistan Talks

The bearish catalyst came on Saturday when President Trump abruptly canceled plans for US envoys Steve Witkoff and Jared Kushner to travel to Pakistan for peace talks with Iran. This was the second cancellation in a week. Brent crude surged to $107 a barrel, with WTI trading near $97, as the market priced in the possibility that the ceasefire could collapse entirely. BTC had opened the session near $79,000 and quickly reversed as the oil spike killed risk appetite. S&P 500 futures fell 0.6% and European futures dropped over 1%.

Strategy Adds Another 3,273 BTC

On the institutional side, Strategy disclosed via an SEC 8-K filing that it purchased 3,273 BTC for approximately $255 million during the week ended April 24, at an average price of $77,906 per coin. This brings the company's total holdings to 818,334 BTC, acquired at a cumulative cost of $61.81 billion and an average of $75,537 per coin. The purchase was funded through its at-the-market equity offering program. This follows last week's larger 34,164 BTC buy worth $2.54 billion, showing that the accumulation pace has not slowed down.

Crypto Funds Post $1.2 Billion in Weekly Inflows

CoinShares reported that digital asset investment products drew $1.2 billion in net inflows for the week ending April 24, marking a fourth consecutive positive week. BTC products led with $932.5 million, pushing year-to-date BTC fund inflows to $4 billion. ETH products added $192.4 million for their third straight week above $190 million. BlackRock's iShares led all providers with $952 million in weekly inflows. Total crypto fund AUM rose to $155.3 billion, the highest since February 1. The US accounted for 91% of global inflows.

Price Fails to Push Above $80,000 yet Again

BTC/USD 4H chart showing another failed attempt at the $79,000 level. Chart via TradingView.

The pattern on the 4H chart is clear. BTC has now been rejected at or near $79,000 multiple times in the past eight sessions. Each attempt produces a wick above $79,000 followed by a sell-off back into the $77,000 to $78,000 range. The $80,000 level sitting just above is acting as a breakeven zone for buyers who entered during the February correction, and according to CoinDesk analysts, this concentration of cost basis is generating consistent selling pressure every time price approaches it.

On the support side, the $77,300 area has held on each pullback so far. Below that, the $75,000 level is where the next meaningful cluster of buying interest sits. The immediate question for this week is simple. Does BTC break above $80,000 on a catalyst like an FOMC surprise, and Strategy buying or does the oil-driven risk-off pressure drag it back toward $75,000?

What to Expect Next

• Bullish: BTC breaks and holds above $80,000. The combination of institutional buying (Strategy + ETF inflows) and a dovish FOMC outcome could provide the push. $80,000 has not been seen since January.
• Bearish: Another rejection at $79,000 and oil stays above $100. A drop below $77,300 targets $75,000.
• Key catalyst: FOMC meeting April 28-29. Any hawkish signal keeps the lid on risk assets. A dovish surprise gives BTC the fuel to break through.
• Invalidation: A daily close below $75,000 would signal the breakout attempt has failed and the range is breaking down.

Why did BTC reverse from $79,400?

BTC hit a 12-week high of $79,399 before sellers stepped in during Asian trading hours on Monday. This was the third rejection at the $79,000 level in eight sessions. The $80,000 zone above acts as a breakeven for recent buyers, generating consistent selling pressure.

Why does oil affect BTC price?

When oil surges it raises inflation expectations, strengthens the dollar, and reduces appetite for risk assets. Brent hitting $107 after Trump canceled the Pakistan peace talks put pressure on equities and crypto alike.

How much BTC does Strategy now hold?

818,334 BTC, acquired for a cumulative $61.81 billion at an average cost of $75,537 per coin. This is the largest disclosed BTC position of any public company.

What levels should I watch?

$79,000 to $80,000 resistance (breakeven zone for recent buyers). $77,300 immediate support. $75,000 next support below that.