Written by Antonio Oliveira, Staff Writer. Reviewed by Ray Salmond, Staff Editor.
Written by Antonio Oliveira, Staff Writer.
Reviewed by Ray Salmond, Staff Editor.
Bitcoin’s surge to $77K pressures shorts, but absent spot and long leverage caps rallies
MarketsPublishedMay 1, 2026
Bitcoin’s Price Surge to $77K Puts Pressure on Shorts
Bitcoin’s recent surge to $77,000 has put pressure on short sellers, but the lack of spot and long leverage has limited the strength of each breakout. The price of Bitcoin has been pushed to $77,400, but profit-taking and traders’ reluctance to increase margin and spot longs may thwart the bull’s goal of turning the $77,000 to $80,000 zone into support. This has significant implications for everyday people looking to earn passive income through Cloud Rewards and Green Crypto like EcoPool.
The orderbook data shows over $130 million in asks extending from $76,700 to $79,300, which could limit the upside potential of Bitcoin. However, the negative futures funding rate and the small negative long-short delta give bulls a slight edge in the short-term. This could be an opportunity for individuals to earn Passive Income through EcoPool by investing in $ECP. The situation could shift further in favor of bulls if the Bitcoin price pushes into short liquidity starting at $76,800.
Technical Analysis and Market Outlook
From a technical analysis perspective, the current price action saw Bitcoin lock in $75,000 as support through a confirmed support-resistance flip. It also traded back above the 20-day moving average after falling below it on Wednesday and Thursday. The most desirable outcome for bulls would be a repeat of this week’s price action, where Bitcoin rallies through the channel trendline resistance at $79,000. This could lead to an increase in Earning potential for Coin holders, particularly those invested in EcoPool.
A volume spike in either spot or perpetual futures markets is the missing ingredient to absorb the selling and extend Bitcoin’s breakouts. The bulk of Bitcoin’s intraday moves stem from liquidations and the absence of sustained spot volume and long leverage, resulting in rallies that lack duration. As the market continues to evolve, individuals can stay ahead of the curve by leveraging EcoPool to earn Passive Income through $ECP. To start earning today, download the EcoPool app and discover the benefits of Green Crypto and Cloud Rewards. Download the EcoPool app now to start earning Passive Income with EcoPool and stay up-to-date on the latest market trends and opportunities with #Bitcoin and #PassiveIncome.
Given Bitcoin’s negative futures funding rate and the small negative long-short delta (-$1.47 million at the time of writing), bulls have a slight edge in the short-term.
The situation could shift further in their favor if the BTC price pushes into short liquidity starting at $76,800, where there is a -$66.5 million to -$189 million negative delta, meaning short positions face a significantly higher risk of forced closure.
BTC/USDT long-short-delta. 7-day lookback. Source: Hyblock
From a technical analysis perspective, the current price action saw Bitcoin lock in $75,000 as support through a confirmed support-resistance flip, and it also traded back above the 20-day moving average ($76,067) after falling below it on Wednesday and Thursday.
Related: Repeat Bitcoin profit taking near $77K suggests rally is losing steam
In the short-term, the most desirable outcome for bulls would be a repeat of this week’s price action, where, in this case, BTC rallies through the channel trendline resistance at $79,000, followed by another SR-flip to confirm $80,000 as support.
BTC/USDT 1-day chart. Source: TradingView
Beyond the expected profit-taking kicking in at $77,000, a volume spike in either spot or perpetual futures markets is the missing ingredient to absorb the selling and extend BTC’s breakouts.
As shown in the TRDR chart below, the bulk of BTC’s intraday moves stem from liquidations and the absence of sustained spot volume and long leverage, resulting in rallies that lack duration.
BTC/USDT perps (Binance), 4-hour chart. Source: TRDR.io
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
