Bitcoin trades $75K–$80K range

Bitcoin held in the mid-$70,000s on Saturday after a week of mostly range-bound trade, with market data showing prices oscillating below the $80,000 level cited by traders in social-media posts. CoinGecko’s historical data page showed Bitcoin closed at $75,483 on May 22 after closing at $77,546 a day earlier. (coingecko.com) CoinGlass listed Bitcoin at $76,662 on Saturday, down 0.68% over 24 hours, with futures open interest at $56.61 billion. (coinglass.com) The move left traders focused less on a breakout than on derivatives positioning. (bitcoin.org) CoinGlass showed $46 million in 24-hour Bitcoin liquidations on Saturday, while its broader market dashboard listed crypto-wide liquidations at $489.04 million. Social posts cited in the upstream briefing described heavy long liquidations and a build in short interest, though those trader claims could not be independently quantified beyond the derivatives data available on CoinGlass. ### Where was Bitcoin actually trading on Saturday? (coingecko.com) CoinGecko’s May 23 historical entry showed Bitcoin with a market capitalization of about $1.51 trillion and 24-hour volume above $30.3 billion, while the previous day’s close was $75,483. CoinMarketCap also maintains a historical price page for Bitcoin, supporting the view that the token remained in the mid-$70,000 range rather than sustaining a move above $80,000. CoinGlass’s live market page put Bitcoin at $76,662, with 24-hour trading volume of $52.67 billion and open interest of $56.61 billion. (coinglass.com) That snapshot aligned with the broad description in trader commentary of sideways action inside a roughly $75,000-$80,000 band. ### What do the liquidation and open-interest numbers show? CoinGlass reported $46 million in Bitcoin liquidations over 24 hours and a slight 1-hour increase in open interest of 0.68%, while 24-hour open interest was down 0.07%. (coingecko.com) Those figures point to active derivatives trading even as the spot price remained relatively contained. The same CoinGlass dashboard showed a positive funding rate for Bitcoin futures. Positive funding typically indicates traders holding long positions are paying shorts, though the dashboard alone does not establish whether shorts were “building” across all venues at the pace some social-media traders suggested. (coinglass.com) ### Why were traders talking about a return to $80,000? The $80,000 level stood out because Bitcoin traded above that mark earlier in May. CoinGecko’s data showed closes of $80,481 on May 12 and $81,052 on May 14 before the token fell back into the upper-$70,000s and then the mid-$70,000s. (coinglass.com) Those earlier closes gave traders a recent reference point for any weekend rebound. No primary-source exchange filing or company announcement reviewed here identified a fresh catalyst on Saturday; the bounce thesis appeared to come from trader positioning and recent price history rather than from a disclosed event. (coinglass.com) ### Why did Bitcoin Pizza Day come up again? May 22 is widely observed by Bitcoin users as “Bitcoin Pizza Day,” a reference to the 2010 transaction in which 10,000 bitcoin were used to buy two pizzas. (coingecko.com) Bitcoin.org identifies 2010 as an early milestone year in the project’s public history, and the anniversary continues to circulate each year in market commentary and social posts. The anniversary resurfaced as Bitcoin traded near $75,000, giving traders a familiar historical comparison point. (coingecko.com) The next widely watched data points are the daily close for May 23 and updated futures positioning on CoinGlass, where Bitcoin open interest and liquidation totals refresh through the weekend. (bitcoin.org)