The price of the leading cryptocurrency has encountered resistance around $80,000. According to Bloomberg, this increase is being held back by market participants on the Deribit exchange.
At around $80,000, there are call options set to expire in May and June totaling $1.5 billion. In this scenario, market makers are forced to sell the asset as prices rise to hedge their risks. Additional pressure on the price has come from profit-taking and a slowdown in demand in the spot market.
At the time of writing, Bitcoin is trading at $75,785, down 1.7% over the past day.
Hourly chart of BTC/USDT on Binance. Source: TradingView.
Five Years with Bitcoin: Performance Statistics
Analysts at Delphi Digital have examined the historical performance of the first cryptocurrency. They calculated the results for all possible five-year holding periods since May 2016.
The worst possible 5 Year Bitcoin Entry was down just 13%.
— Delphi Digital (@Delphi_Digital) April 29, 2026
Return comparisons can look very different when the start date is a cycle top.
Our analyst @yeak__ looked at every possible 5 year holding period for BTC, ETH, and SOL using daily prices since May 2016. ETH and SOL… pic.twitter.com/YY1z9iZOYq
The worst time to enter Bitcoin was at the peak of the cycle in December 2017. Selling five years later, near the lows of 2022, resulted in a 13% loss.
The median return of the digital currency over five years exceeded 800%. In comparison, Ethereum's figure was 1200%.
Over long time horizons, crypto assets have delivered high returns from nearly any entry point. Sensitivity to purchase price remains only over short time frames.
It’s worth noting that on April 29, Bitcoin and many other crypto assets declined following the U.S. Federal Reserve's decision to maintain interest rates at current levels.