BTC breaking 80,000 triggers $1 billion liquidation, experts say the bull market is not over

According to Woofun AI, the Bitcoin price fell below the $80,000 mark on Thursday due to the tense situation in Iran and concerns about artificial intelligence security threats, and market sentiment quickly cooled down.

Nick Ducoff, head of institutional development at the Solana Foundation, emphasized in a conversation with Scott Melker that the popularity of stablecoin payments, the influx of institutional investors, and the promotion of tokenization of securities are driving the industry into a golden cycle.

Although Solana is still in a bear market, the US-listed Solana ETF has more than $1 billion in assets under management, and Ducoff is optimistic about this.

Technical analysis shows that Melker believes that Bitcoin's fall below $82,800 is a normal correction, and the upward trend has not changed. $77,000 is a potential support as a 50-week moving average, but there's no need to worry too much. Recent new highs and price recovery above the main moving averages indicate that the bearish trend may end.