Bitcoin Price Today: BTC Rejects at $82.5K as Clarity Act Vote Looms and Analyst Calls Final Bull Trap
Bitcoin price had real volatility today after a few days of tight range trading. BTC pumped above $82,500, then retraced to current levels around $80,800. That is the same area where Bitcoin got rejected last week at roughly $82,800. Price is struggling to break higher.
Let’s see what’s going on with Bitcoin price today, May 11.
What you'll learn 👉
Doctor Profit’s Big Sunday Report: Shorting 82-85K, Calls for Crash
Popular analyst Doctor Profit tweeted his weekly breakdown. He says these are the last days or weeks above the $80K range. The area of $50K and below is calling. The big crash is a matter of time. He calls the current move a “bull trap” in its final stages.
His strategy: He is shorting Bitcoin every day with 10% of his money as long as BTC price stays in the 82-85K zone. For example, if he has $10K, he shorts $1K each day in that range. At the same time, he is taking profit from his long positions entered at $71K, $60K (spot), and $75K – also 10% per day over the next 10 days.
He notes that he predicted back in February that Bitcoin would hit 79-85K in May-June. That played out. Now he believes the bullish trap is ending. Retail is piling back in since $76K. Fear is gone. Low-IQ content and calls for $100K are everywhere. That is the sign.
Doctor Profit says the crash is very close. He warns that shorting Bitcoin too early in the $70s was a mistake, but now the zone is right. He plans to share short entries and bottom-formation buy orders for members once the downside happens.
Bitcoin ETFs: $622M Inflow Last Week – 7,658 BTC Bought
Week 19 of 2026 (May 4 – May 8) was strong for crypto ETFs. US spot Bitcoin ETFs saw a total net inflow of $622.75 million. That is 7,658 Bitcoin purchased by ETF issuers. For context, that equals about 17 days of newly mined supply.
Ethereum ETFs also saw a net inflow of $70.49 million, or 28,456 ETH.
Breakdown by issuer (BTC side):
- BlackRock bought ~7,540 BTC
- Fidelity bought ~738 BTC
- Grayscale sold ~701 BTC
- ARK 21Shares bought ~672 BTC
- Bitwise bought ~129 BTC
- Invesco sold 123 BTC
- VanEck sold ~136 BTC
- Franklin sold 88 BTC
- Morgan Stanley bought ~316 BTC
🇺🇸 WEEK 19, 2026: US SPOT CRYPTO ETFs FLOWS REPORT (04 May – 08 May)
— Crypto Patel (@CryptoPatel) May 11, 2026
US Crypto Spot ETFs Saw Massive ~$771.21 Million Net InFlows Last Week
➔ BlackRock ETF BOUGHT ~7,540 Bitcoin And 45,519 Ethereum
➔ Fidelity ETF BOUGHT ~738 Bitcoin And SOLD 13,653 Ethereum
➔ Grayscale ETF… https://t.co/rzjtOUjsx6 pic.twitter.com/KaDCypjR8z
Institutions kept buying even as price hit resistance. That is a bullish sign under the surface.
Bitcoin News: Clarity Act Heads for First Senate Committee Vote
This is one of the most important weeks for crypto regulation in years. The Clarity Act officially heads to a Senate Banking Committee markup vote on Thursday (May 14 at 10:30 AM EST, 8:00 PM IST). This would be the first ever committee vote on a full US crypto market structure bill.
What is already agreed: the stablecoin yield compromise, sign-off from Coinbase and major crypto firms, and the White House target of July 4 for final approval.
But major issues remain. Banking groups push last-minute changes. Ethics provisions linked to Trump’s crypto holdings are still open. DeFi oversight language is not final. Republican votes are not fully secured.
If the bill passes cleanly, markets will likely price in a major long-term bullish shift for US crypto regulation. If it gets delayed or blocked, expect heavy disappointment across the market. Crypto is about to either clear a historic regulatory milestone or hit another roadblock.
Related Bitcoin news: Grok AI Predicts the Bitcoin Price If the Clarity Act Passes Before July 4
Bitcoin Price Prediction Today (May 11)
Here are our current BTC price predictions for today, May 11:
Bullish scenario
BTC holds above $80,500 and reclaims $82,000 by daily close. The ETF inflows from last week provide buying pressure. A clean break above $82.8K targets $84K (200 MA) and then $88K. The Clarity Act vote could be the catalyst.
Bearish scenario
Price fails at $82,000 again and drops below $80,000. Doctor Profit’s short zone activates. Support at $78,500 breaks, then $77,000. If the Clarity Act gets delayed, selling accelerates toward $75,000. This would mean a big crash which seems unlikely today.
Likely scenario
Range trading between $80,000 and $82,500 for the next few days. Traders wait for the May 14 vote. The rejection at $82.8K is real, but ETF inflows keep bids strong. Expect choppy sideways action with a slight downside bias. A clean catalyst is needed for a breakout.
Overall , Bitcoin pumped to $82.5K and fell back – the same resistance as last week. Doctor Profit sees a bull trap and is shorting the 82-85K zone daily. ETFs bought 7,658 BTC last week, showing institutional demand. The Clarity Act vote on Thursday is the main event. Until then, expect range trading with elevated risk.
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