Bitcoin broke above $79,000 as higher trading activity, macro tailwinds and institutional demand supported a recovery from a pullback in the $81,000 range. SwissBlock said a short squeeze initially triggered the move, but U.S. spot Bitcoin ETF flows are now validating the breakout, describing the flows as the strongest accumulation wave of the bear market. Bitcoin was last seen trading at $79,000 on Binance’s USDT pair after an earlier 1.5% rise to an intraday high of $78,960. A softer U.S. dollar, expectations of a more accommodative Federal Reserve, broader risk-on sentiment and asset-manager filings were also cited as possible drivers, although the precise mix remains uncertain. Sustaining the level could support further momentum and influence altcoin flows, while failure to hold it could bring consolidation, volatility and profit-taking. Inflation data, geopolitical tensions and regulatory developments in the United States and European Union remain potential market risks.