Bitcoin Holds $80.8K as Dalio Flags Privacy Gap, Strategy Adds 535 BTC and ETPs Pull $858M
Ray Dalio has stepped into the long-running privacy debate, arguing that Bitcoin‘s radical transparency is precisely why central banks remain reluctant to add it to their reserves. The billionaire, who personally allocates roughly 1% of his portfolio to BTC, said transactions on the network can be monitored and potentially controlled, a feature private wealth tolerates but sovereign treasuries do not. Every transfer is permanently inscribed on a public ledger, and blockchain analytics firms can frequently trace flows back to entities even when wallet addresses appear pseudonymous. Dalio also flagged Bitcoin’s tightening correlation with equities as a structural drawback when compared with golds diversification profile. Technical analysts are warning that BTC remains pinned beneath a multi-month ceiling that has repeatedly produced double-digit drawdowns. Bitcoin slid 2.25% to roughly $80,500 after another failed attempt to clear its 200-day exponential moving average near $82,580, a level that has rejected every rebound attempt since November 2025. Prior rejections from the same line triggered sell-offs of 25% and 36%, averaging a 30% drawdown. A repeat performance could pull spot toward $56,600, an area aligning with a long-term lifetime-support model that places macro floor zones in the mid-$50,000s and a secondary band near $46,760. The Wall Street–Main Street