Bitcoin's recent decline below $90,000 is viewed as a liquidity-driven correction rather than the onset of a structural bear market, according to NDV Partner Jason Huang. The 30% pullback is attributed to factors such as leverage washouts, macroeconomic uncertainties, Trump tariff impacts, and a slowdown in ETF flows. Despite the current volatility and technical weaknesses, Huang maintains a long-term bullish outlook on Bitcoin. He emphasizes that the cryptocurrency's fundamentals and institutional adoption remain robust, with historical patterns indicating similar drawdowns have preceded new highs.