Bitcoin reclaims $80K as flow builds — but traders are hedging, not celebrating.

Bitcoin crossed back above $80,000 with volume building behind the move, a level that had acted as resistance through much of the recent consolidation. The recovery is real, but the market's posture tells a more cautious story: traders are adding hedges rather than chasing the breakout, suggesting conviction is thin at current prices.

The divergence between price recovery and positioning is worth watching. When flows build but options and futures hedging rises in parallel, it often signals participants expect a retest before any sustained continuation. A clean hold above $80K with declining hedge ratios would be the confirmation bulls need.