Bitcoin's price has been attempting to recover from lows of around $65,000 in April, but it faces significant challenges in breaking above the $80,000 to $82,000 range. According to data from Glassnode, while there has been some positive capital flow, it is not enough compared to previous breakout phases during the ongoing rally from 2023 to 2025. A notable concern is the cluster of investors who bought Bitcoin around $86,900 during the November to February period, as they may sell near their breakeven point, creating a substantial overhead supply that could stall any rally. Furthermore, short-term buyers are currently supporting the market around $76,900, indicating fresh demand at lower levels, but this is countered by a significant supply concentration near $87,000. Researcher Axel Adler Jr. has observed a cooling in buying activity, with the net taker volume indicator dropping from +2.0 to +1.25, reflecting reduced trader aggression as Bitcoin approaches the $80,000 mark. Additionally, the negative funding rates in futures markets suggest that bearish sentiment prevails, with traders not adding the necessary long positions to support a breakout. Analysts emphasize that stronger capital inflows are essential for a more robust bull market to emerge.