Bitcoin stalls at $80,000; analyst sees temporary pullback

Bitcoin faced resistance at the $80,000 mark, failing to break through despite strong ETF inflows and increased stablecoin liquidity. Analysts suggest this pullback is temporary, with significant sell orders capping immediate gains but underlying demand indicating potential for future upside. Meanwhile, the decentralized finance (DeFi) sector continues to grapple with security risks, with April hacks alone resulting in over $600 million in losses, highlighting persistent structural vulnerabilities. This instability in DeFi may be contributing to broader market caution despite positive on-chain data for Bitcoin.