Bitcoin Is Beating the S&P 500, so Why Is $85,000 Still Out of Reach?

Crypto Insight Summary: Bitcoin is beating the S&P 500 on more trading days than not in recent weeks. Still, the price keeps failing to hold above $85,000, and has more recently even struggled to stay clear of $80,000. On-chain data points to 12 factors, from fading ETF demand to heavy supply from long-term holders. Bitcoin Regains Strength Against Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fading ETF demand and heavy long-term holder selling limit near-term upside and keep BTC below $85,000.