Bitcoin, the recapture of $80,000 is just the beginning... Will it break through support and head towards $100,000?

▲ Bitcoin (BTC)

As Bitcoin (BTC) reclaims the $80,000 mark and shows a steep upward trend, the global shift to a wartime economic system and large-scale liquidity supply are emerging as key drivers for a new bull market.

Crypto-specialized YouTube channel Altcoin Daily highlighted macroscopic changes in the asset market in a video uploaded on May 6 (local time). Arthur Hayes analyzed that the market entered a completely different phase in Q2 2026 compared to Q1. He diagnosed, "With the outbreak of war between the US and Iran, which began on February 28, the entire world has entered a wartime economic system," and "Unlimited currency issuance aimed at national security is driving the rise in Bitcoin's price."

Legislative movements supporting the cryptocurrency industry are also accelerating in political circles. Ohio Senator Bernie Moro announced that the CLARITY Act (US Cryptocurrency Market Structure Bill) is expected to pass the Senate Committee next week. The bill is expected to be delivered to the US President's desk by the end of June, with signing completed before Independence Day on July 4. Ripple CEO Brad Garlinghouse also gave an optimistic outlook, stating that the bill is highly likely to receive bipartisan support in the Senate, securing over 60 affirmative votes.

On-chain data analysis revealed profit-taking movements by short-term investors, signaling the formation of a market bottom. Short-term holders, who have held Bitcoin for less than 155 days, have entered a profit zone due to recent price increases and are eyeing the $78,000 level as a key turning point. Approximately 30,000 BTC were deposited into exchanges over the past 24 hours, creating temporary selling pressure, but strong support lines were confirmed at $71,000 and the low $60,000s during declines.

In the altcoin market, the partnership between Solana (SOL) and Bittensor (TAO) was reported as major news. Bittensor's TAO token has been officially launched on the Solana network via the Wormhole bridge, allowing users to freely exchange assets on Solana-based decentralized exchanges such as Jupiter. The combination of Bittensor's AI network capabilities and Solana's abundant liquidity is expected to significantly expand the user base for both ecosystems.

Bitcoin is currently the most sensitive to inflation and liquidity flows, outperforming Nasdaq and gold. While market volatility may occur as short-term holders transition to long-term holders, the external environment of liquidity supply remains favorable. Investors are watching the passage of the bill in early July and the pace of macroeconomic currency issuance, anticipating further price increases in the future.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*