Bitcoin price hovers below $80,000, with short-term resistance around $80,700

Bitcoin price continues to hover below $80,000, with on-chain data showing the realized price for short-term holders at around $80,700, forming recent resistance. The Asian trading session remains sluggish, spot Bitcoin ETF trading volume in Hong Kong is subdued, and regional capital is flowing into IPO markets of mainland China's AI and tech companies. Meanwhile, U.S. spot Bitcoin ETFs are seeing outflows, buying pressure has weakened, and Bitcoin's recent upward momentum is diminishing, making $80,000 the top of the trading range ahead of Friday's U.S. employment report.