The price of Bitcoin has surpassed the historical high of $80,000, once again attracting market attention. Accompanying this growth is an increase in trading volume and strong interest from investors, both retail and institutional, showing a keen willingness to participate. At this point, Bitcoin has entered a price discovery phase, and the market has differing opinions on its future direction. Some analysts believe that Bitcoin may continue to rise, but there are also views suggesting that the price may face a correction in the short term.

The market sentiment indicator **“Fear and Greed Index”** has reached 78, indicating “Extreme Greed.” Generally, such a high index means that market sentiment is overly optimistic and may trigger a pullback in the short term, especially at new highs. CryptoQuant CEO Ki Young Ju mentioned that 100% of Bitcoin addresses are currently in profit, which could prompt some investors to sell at peaks to lock in profits.

Ju also pointed out that Bitcoin's current trend may face a fourth wave correction, which typically occurs after a rapid price surge, laying the foundation for subsequent upward momentum. #BTC突破8W大关 $BTC