Bitcoin Stalls Near $80,000 As Traders Fear Correction Toward $40,000

Bitcoin’s price action has stalled near the $80,000 mark, drawing intense focus from investors as repeated attempts to break above $80,000 have failed.

“Bitget App Trade smarter Open [](https://www”

Bitget

Bitget says traders are closely eyeing $80,000 as “a risky threshold,” adding that “Should Bitcoin lose momentum here, a sharp correction toward $40,000 could come into play,” according to experts.

Cointelegraph

The same technical framing points to a head and shoulders pattern becoming more defined, with the trend losing strength after a rally that surged from the left shoulder up to the head.

Bitget also describes the $40,000 level as a potential downside target derived from a “measured move” method, projecting the vertical distance between the head and the neckline downward from the breakdown point.

The article concludes that short-term price behavior around $80,000 will likely determine the next move, with investors weighing whether reclaiming the $80,000 threshold would invalidate the bearish scenario.

Bernstein analysts said Figure Technology Solutions’ first-quarter earnings report shows the fintech is fast becoming a company that is unique among blockchain marketplaces.

The report says Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, and that Bernstein expects the company will surprise investors with how it differs from balance sheet-based fintech lending platforms.

TradingView

In a May 15 note to clients, Bernstein said “FIGR’s live blockchain data suggests an all-time high record Q2 upcoming,” linking the stock to real-time reflection of blockchain loan volumes.

On management’s May 12 earnings call, executive chairman and co-founder Mike Cagney said that after bringing Figure’s digital assets over to DeFi for financing about a year ago, it faced a challenge common to all real-world assets (RWA) on blockchain.

Cagney explained that “Forge platform converts whole loans into small, single-dollar liquid participation units,” positioning Figure’s marketplace for borrowing and lending liquidity.

Bernstein put an estimated value of $4 trillion on the addressable market for total annual volume of credit origination across multiple loan categories that could eventually move onchain as tokenized assets.

“Bernstein says Figure's Q1 results shows uniqueness of blockchain marketplaces Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces”

TradingView

The article says tokenized credit remains a small segment of the broader RWA market, with industry data showing the sector is currently valued at around $5.14 billion.

It also notes that institutional investors remain skeptical of blockchain-for-finance narratives, a stance CEO Michael Tannenbaum acknowledged in the call.

Tannenbaum argued that Figure’s advantage is operational rather than ideological, describing AI as “the brain” and blockchain as “the nervous system,” and saying blockchain-native data structures make underwriting, compliance and loan verification easier to automate.

The coverage adds that other projects are experimenting with bringing credit onchain, including Centrifuge expanding its decentralized finance platform to include tokenized credit and US Treasury products on new blockchain networks.