#Gate广场五月交易分享 Market Play: Behind the 24H Turbulence, Divergences Between Bulls and Bears Become Clear

Although Bitcoin has surged back to $80,000, within 24 hours it climbed from $78,202.00 to $80,776.99, then fell back to $80,170.99. The swing exceeded $2,500. Behind this intense volatility is a fierce standoff between bulls and bears, and market disagreements have gradually started to show. Based on the latest analyst views and market data, the situation is mainly divided into two camps:
Bullish camp: Institutions and some analysts are optimistic about the next phase of price action.
MN Trading Capital founder Michael van de Poppe previously said that Bitcoin does not need a new story or catalyst to break through the psychological barrier of $100,000, and this latest rebound back to $80,000 further confirms its upward momentum.
Crypto investment firm DACM Executive Chairman Richard Galvin noted that the $80,000 level carries significant psychological importance. If Bitcoin can effectively hold above it, it could bring further upward momentum, with potential to push toward higher price levels.
On-chain data also shows that the average entry cost for long-term Bitcoin holders is around $78,000. The current price has formed effective support, while short-term holders are gradually reducing their exposure. Long-term holders and institutions continue to absorb supply, forming a healthy market structure.
Bearish camp: Some institutions issue pullback warnings, reminding the market to stay alert to risks.
CryptoQuant warns that Bitcoin could face months of price declines. Even though it is currently performing strongly, short-term profit-taking is substantial, creating pressure for a concentrated unwind.
In addition, policy disagreements within the Federal Reserve add uncertainty for the market. The Fed is currently keeping interest rates in the 3.50%-3.75% range, and its internal voting structure is unusually divided. Inflation rhetoric has been upgraded to “significantly elevated,” suggesting that rate cuts will not be initiated in the short term, and liquidity expansion has been delayed. This could become a trigger for Bitcoin’s subsequent pullback.
At the same time, geopolitical “tail risks” remain. Disagreements between the US and Iran over nuclear projects and the issue of the Strait of Hormuz have not been fully resolved. If the situation escalates again, it may lead to funds fleeing to safety, pressuring Bitcoin’s price. Moreover, derivatives market data shows that over the past 24 hours, liquidation of short positions in the crypto market reached about $359 million, far higher than the liquidation amount of about $150 million for long positions. Short covering has been an important auxiliary factor in driving this price increase, but it also means that short-term market sentiment is subject to significant swings, and pullback risk cannot be ignored.