#Gate广场五月交易分享 Market Play: Behind the 24H Volatility, Long-Short Divergence Emerges

Although Bitcoin has strongly regained the $80,000 level, within 24 hours it surged from $78,202.00 to $80,776.99, then fell back to $80,170.99, with a volatility of over $2,500. The intense battle between bulls and bears is behind this, and market disagreements are gradually becoming apparent. Combining the latest analyst opinions and market data, there are mainly two camps:
Bullish Camp: Institutions and some analysts are optimistic about the future trend.
MN Trading Capital founder Michael van de Poppe previously stated that Bitcoin does not need a new story or catalyst to break through the psychological threshold of $100,000, and this recent return to $80,000 further confirms its upward momentum.
Crypto investment firm DACM Executive Chairman Richard Galvin pointed out that the $80,000 level has significant psychological importance. If it can hold steady, it will provide further upward momentum for Bitcoin and is expected to push toward higher prices.
On-chain data also shows that the average entry cost for long-term Bitcoin holders is around $78k. The current price has formed effective support, and 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 warning signs of a correction, alerting the market to risks.
CryptoQuant warns that Bitcoin could face price declines over several months. Despite the current strong performance, short-term profit-taking is substantial, and there is pressure for a quick exit.
Additionally, Federal Reserve policy disagreements add uncertainty to the market. The Fed currently maintains interest rates in the 3.50%-3.75% range, with an unusually divided voting structure. Inflation rhetoric has been upgraded to “significantly elevated,” implying that rate cuts are unlikely in the short term, and liquidity expansion has been delayed, which could trigger a subsequent correction in Bitcoin.
Meanwhile, geopolitical “tail risks” still exist. Disputes between the US and Iran over nuclear projects and the Strait of Hormuz have not been fully resolved. If the situation escalates again, it could trigger risk aversion and capital flight, impacting Bitcoin prices. Additionally, derivatives market data shows that in the past 24 hours, crypto market short positions were liquidated to about $359 million, far exceeding the long positions’ liquidation of approximately $150 million. Short covering has played an important role in driving this price increase, but it also indicates high short-term market volatility and the risk of a correction cannot be ignored.