Evening. BTC $77,472
The bearish thesis from the morning didn't play out: Asia pulled BTC higher, and price added roughly $950 from yesterday's close.
What changed since morning:
- $77,385 (PDH) was broken and held above - resistance worked as a target, not a stop
- $76,107 was never tested at all, sellers didn't gain control
- Timeframe structure is mixed: 2 bullish out of 4, pressure partially relieved
Session dynamics:
Asia drove the main move of the day - bias +0.74%, closing at $77,283. London spent the day ranging with a 1.24% range, closing at $77,455. NY is also flat so far: price holding inside the first-hour range with no clear direction.
Onchain / derivatives:
Funding is moderately rising for the third day, no overheating. OI declined - a portion of longs was flushed in a cascade of around $74M, cleaning up positioning. Coinbase is trading at a discount to Asian exchanges: Western demand isn't chasing the move. Deribit put/call 0.67 - calls dominating for the fifth consecutive day; the gap between options positioning and price is starting to narrow - this is the first day price is moving toward them.
Wednesday closes as the first real green day of the week: the move is there, Fear & Greed at 27, buyers remain cautious.
Not investment advice.
#evening
The bearish thesis from the morning didn't play out: Asia pulled BTC higher, and price added roughly $950 from yesterday's close.
What changed since morning:
- $77,385 (PDH) was broken and held above - resistance worked as a target, not a stop
- $76,107 was never tested at all, sellers didn't gain control
- Timeframe structure is mixed: 2 bullish out of 4, pressure partially relieved
Session dynamics:
Asia drove the main move of the day - bias +0.74%, closing at $77,283. London spent the day ranging with a 1.24% range, closing at $77,455. NY is also flat so far: price holding inside the first-hour range with no clear direction.
Onchain / derivatives:
Funding is moderately rising for the third day, no overheating. OI declined - a portion of longs was flushed in a cascade of around $74M, cleaning up positioning. Coinbase is trading at a discount to Asian exchanges: Western demand isn't chasing the move. Deribit put/call 0.67 - calls dominating for the fifth consecutive day; the gap between options positioning and price is starting to narrow - this is the first day price is moving toward them.
Wednesday closes as the first real green day of the week: the move is there, Fear & Greed at 27, buyers remain cautious.
Not investment advice.
#evening
BTC $77,562
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
For five days calls dominated while price was lower - yesterday the market finally moved in their favor: +1.6% and a break above PDH $77,826. The gap between options positioning and price has started to close, but BTC is currently trading right inside the CME gap zone ($77,470-$77,705), which opened this morning.
L/S dropped from 1.48 to 1.24 - some accumulated longs exited or got cut. Futures volume at 9.2x vs spot suggests the move up was driven by derivatives, not real demand. Goldman sold crypto ETFs worth $1B+, but that's already priced in - more importantly, funding remains neutral, no overheating yet.
๐ Key levels:
$77,826 - resistance, PDH = Weekly High. A close above opens the path to $79K
$77,470-$77,705 - CME gap zone. Price is inside it right now
$76,881 - support, Monthly Open. Losing this level returns price to the old range
Scenario: โฌ๏ธ Bullish - consolidation above $77,826 with rising OI confirms continuation
Invalidation: return below $77,470 and loss of Monthly Open $76,881
Not investment advice.
#morning
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
For five days calls dominated while price was lower - yesterday the market finally moved in their favor: +1.6% and a break above PDH $77,826. The gap between options positioning and price has started to close, but BTC is currently trading right inside the CME gap zone ($77,470-$77,705), which opened this morning.
L/S dropped from 1.48 to 1.24 - some accumulated longs exited or got cut. Futures volume at 9.2x vs spot suggests the move up was driven by derivatives, not real demand. Goldman sold crypto ETFs worth $1B+, but that's already priced in - more importantly, funding remains neutral, no overheating yet.
๐ Key levels:
$77,826 - resistance, PDH = Weekly High. A close above opens the path to $79K
$77,470-$77,705 - CME gap zone. Price is inside it right now
$76,881 - support, Monthly Open. Losing this level returns price to the old range
Scenario: โฌ๏ธ Bullish - consolidation above $77,826 with rising OI confirms continuation
Invalidation: return below $77,470 and loss of Monthly Open $76,881
Not investment advice.
#morning
Digest
๐ Bullish factors
- IG enters all of Europe via Bitpanda: direct expansion of the spot market audience
- Hyperliquid ETF added 50% volume after a weak start - demand for the product has returned
๐ Bearish factors
- Map Protocol down 96% after an exploit: the attacker minted a quadrillion tokens, holders lost liquidity
- Verus-Ethereum bridge hacked for $11M via a parameter verification bug - the cross-chain bridge segment is under fire again
๐ฅ Traders yesterday
- a16z accumulated approximately 9.18M HYPE for roughly $356M at an average of $38.77 - position is in profit
- Goldman Sachs in Q1 dumped BTC ETF ($450M), ETH ETF ($500M) and XRP ETF ($152M), but bought a HYPE ETF for $3M - an interesting choice of priorities
- K33 Research considers $60,000 the cycle bottom for BTC: in Q1 large players reduced positions by 26,733 BTC while retail was buying
#digest
๐ Bullish factors
- IG enters all of Europe via Bitpanda: direct expansion of the spot market audience
- Hyperliquid ETF added 50% volume after a weak start - demand for the product has returned
๐ Bearish factors
- Map Protocol down 96% after an exploit: the attacker minted a quadrillion tokens, holders lost liquidity
- Verus-Ethereum bridge hacked for $11M via a parameter verification bug - the cross-chain bridge segment is under fire again
๐ฅ Traders yesterday
- a16z accumulated approximately 9.18M HYPE for roughly $356M at an average of $38.77 - position is in profit
- Goldman Sachs in Q1 dumped BTC ETF ($450M), ETH ETF ($500M) and XRP ETF ($152M), but bought a HYPE ETF for $3M - an interesting choice of priorities
- K33 Research considers $60,000 the cycle bottom for BTC: in Q1 large players reduced positions by 26,733 BTC while retail was buying
#digest
Evening. BTC $77,285
Morning long thesis did not confirm: Asia provided the impulse, London cut it, NY trading without direction.
What changed since morning:
- BTC lost ~$277 from the morning level - downside move came through London, not NY
- Timeframe structure deteriorated: 2 bearish out of 4 vs. 1 bearish this morning, pressure remains
- Derivatives overheating thesis partially confirmed: longs liquidated in cascade up to $72M, OI contracted
Session dynamics:
Asia closed at $77,889 with a +0.50% bias - session printed the daily high. London reversed price lower with a range of nearly 2%, closing at $77,259. NY trading in a narrow range, price inside the first-hour range - no clean scenario developed.
Onchain / derivatives:
OI declined alongside price - long cascade cleaned up positioning, no funding overheating on Hyperliquid. Coinbase trading at a discount to Asian exchanges for the third consecutive day: Western demand is not picking up the move. Deribit put/call 0.68 - calls still dominant, options market maintains an upside bias even with price below the weekly open levels. CME gap $77,470-$77,705 remains unfilled - price trading below it, keeping it in focus for tomorrow.
Thursday: Asia bought, London sold, NY is standing still - the day gave back most of the overnight gains.
Not investment advice.
#evening
Morning long thesis did not confirm: Asia provided the impulse, London cut it, NY trading without direction.
What changed since morning:
- BTC lost ~$277 from the morning level - downside move came through London, not NY
- Timeframe structure deteriorated: 2 bearish out of 4 vs. 1 bearish this morning, pressure remains
- Derivatives overheating thesis partially confirmed: longs liquidated in cascade up to $72M, OI contracted
Session dynamics:
Asia closed at $77,889 with a +0.50% bias - session printed the daily high. London reversed price lower with a range of nearly 2%, closing at $77,259. NY trading in a narrow range, price inside the first-hour range - no clean scenario developed.
Onchain / derivatives:
OI declined alongside price - long cascade cleaned up positioning, no funding overheating on Hyperliquid. Coinbase trading at a discount to Asian exchanges for the third consecutive day: Western demand is not picking up the move. Deribit put/call 0.68 - calls still dominant, options market maintains an upside bias even with price below the weekly open levels. CME gap $77,470-$77,705 remains unfilled - price trading below it, keeping it in focus for tomorrow.
Thursday: Asia bought, London sold, NY is standing still - the day gave back most of the overnight gains.
Not investment advice.
#evening
S&P 500
7,430 (+1.26% vs yesterday's close).
Session range: 7,389 - 7,466 (1.04%).
S&P 500 gained 1.26%, while BTC barely moved (-0.35%) - this divergence suggests today's equity rally is not backed by risk appetite in crypto. The VIX volatility index (market fear gauge) at 17 points to a calm backdrop, and 10-year Treasury yields were nearly unchanged.
Day mode: stocks rising, but crypto not confirming - a local move without broad risk appetite.
#sp500
7,430 (+1.26% vs yesterday's close).
Session range: 7,389 - 7,466 (1.04%).
S&P 500 gained 1.26%, while BTC barely moved (-0.35%) - this divergence suggests today's equity rally is not backed by risk appetite in crypto. The VIX volatility index (market fear gauge) at 17 points to a calm backdrop, and 10-year Treasury yields were nearly unchanged.
Day mode: stocks rising, but crypto not confirming - a local move without broad risk appetite.
#sp500
BTC $77,408
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
Yesterday the bullish scenario failed: price pulled back from $78,180 and is now trading below PDH, unable to hold above it. The key event was a long liquidation cascade of ~$72M with OI dropping 1.4%. Longs got wiped out, but L/S is still 1.25 - positioning has not reset.
Calls on Deribit continue to dominate (put/call 0.68 since evening), the options market has not removed its upside bet. Meanwhile, futures volume is 10.7x spot - moves are derivatives-driven, with no real demand underneath. If longs are accumulating again after the liquidations, the next cascade could be more severe.
๐ Key levels:
$78,180 - resistance, PDH = Weekly High. A close above changes the picture
$76,985 - support, Monthly Open. Loss of this level opens the path to $76,107
$76,107 - support, Weekly Low. A break puts the next area of interest at $74,500
Scenario: โฌ๏ธ bearish - longs did not exit after liquidations, pressure remains; expecting a break of $76,985
Invalidation: close above $78,180 with rising OI
Not investment advice.
#morning
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
Yesterday the bullish scenario failed: price pulled back from $78,180 and is now trading below PDH, unable to hold above it. The key event was a long liquidation cascade of ~$72M with OI dropping 1.4%. Longs got wiped out, but L/S is still 1.25 - positioning has not reset.
Calls on Deribit continue to dominate (put/call 0.68 since evening), the options market has not removed its upside bet. Meanwhile, futures volume is 10.7x spot - moves are derivatives-driven, with no real demand underneath. If longs are accumulating again after the liquidations, the next cascade could be more severe.
๐ Key levels:
$78,180 - resistance, PDH = Weekly High. A close above changes the picture
$76,985 - support, Monthly Open. Loss of this level opens the path to $76,107
$76,107 - support, Weekly Low. A break puts the next area of interest at $74,500
Scenario: โฌ๏ธ bearish - longs did not exit after liquidations, pressure remains; expecting a break of $76,985
Invalidation: close above $78,180 with rising OI
Not investment advice.
#morning
Digest
๐ Bullish factors
- SpaceX disclosed 18,712 BTC ($1.29B) in its Nasdaq IPO filing: corporate demand for BTC received public confirmation from a company valued at $1.75T
- XRP ETF records inflows amid rising wallet count, while BTC and ETH funds are losing capital
๐ Bearish factors
- Coinbase premium dropped to a monthly low - institutions are exiting, not entering
- BTC at $77,700: the liquidation wave has already passed, analysts are now watching the $75,000 hold
๐ฅ Traders yesterday
- BTC $77,716, ETH $2,134, SOL $86, XRP $1.37; market cap $2.56T, BTC dominance 60.73%, Fear & Greed Index 29
- Glassnode: BTC broke below the "true market mean price" of $78,300, next support zone $71,400-76,500
- HYPE hit an all-time high above $61, up 50% over 7 days - best performer in the top 100 over the past 24 hours
#digest
๐ Bullish factors
- SpaceX disclosed 18,712 BTC ($1.29B) in its Nasdaq IPO filing: corporate demand for BTC received public confirmation from a company valued at $1.75T
- XRP ETF records inflows amid rising wallet count, while BTC and ETH funds are losing capital
๐ Bearish factors
- Coinbase premium dropped to a monthly low - institutions are exiting, not entering
- BTC at $77,700: the liquidation wave has already passed, analysts are now watching the $75,000 hold
๐ฅ Traders yesterday
- BTC $77,716, ETH $2,134, SOL $86, XRP $1.37; market cap $2.56T, BTC dominance 60.73%, Fear & Greed Index 29
- Glassnode: BTC broke below the "true market mean price" of $78,300, next support zone $71,400-76,500
- HYPE hit an all-time high above $61, up 50% over 7 days - best performer in the top 100 over the past 24 hours
#digest
Evening. BTC $76,985
What changed since morning:
- Bearish thesis confirmed: BTC broke below $76,985 and did not recover - currently $76,985 vs $77,408 at morning open
- Timeframe structure deteriorated to 3 bearish out of 4 - pressure built throughout the day
- Breakdown level held: longs never materialized, as the morning scenario anticipated
Session dynamics:
Asia closed at $77,408 with a slight downward bias - set the tone for the day. London extended the move lower, range 1.3%, closing at $76,791. NY continued the decline: first hour delivered a break of the range low with sustained hold below - session remains in bearish mode.
Onchain/derivatives:
Coinbase trading at a discount to Asian exchanges - Western demand again failing to support levels. OI increased against falling price: new positions opening on the way down, no funding overheating on Hyperliquid. Deribit put/call 0.70 - calls dominant, options market maintaining upside bias with price at weekly lows. This divergence between options positioning and price action stays on my radar for tomorrow.
Friday closed under seller pressure across all three sessions - price ends the week below opening levels.
Not investment advice.
#evening
What changed since morning:
- Bearish thesis confirmed: BTC broke below $76,985 and did not recover - currently $76,985 vs $77,408 at morning open
- Timeframe structure deteriorated to 3 bearish out of 4 - pressure built throughout the day
- Breakdown level held: longs never materialized, as the morning scenario anticipated
Session dynamics:
Asia closed at $77,408 with a slight downward bias - set the tone for the day. London extended the move lower, range 1.3%, closing at $76,791. NY continued the decline: first hour delivered a break of the range low with sustained hold below - session remains in bearish mode.
Onchain/derivatives:
Coinbase trading at a discount to Asian exchanges - Western demand again failing to support levels. OI increased against falling price: new positions opening on the way down, no funding overheating on Hyperliquid. Deribit put/call 0.70 - calls dominant, options market maintaining upside bias with price at weekly lows. This divergence between options positioning and price action stays on my radar for tomorrow.
Friday closed under seller pressure across all three sessions - price ends the week below opening levels.
Not investment advice.
#evening
BTC $75,389
1Hโผ 4Hโผ 1Dโผ 1Wโผ
Price broke PDL $75,322 and is trading right at it - all four timeframes are bearish, the market continues to slide from the Weekly High $78,180 for the third session in a row.
L/S rose to 1.56 - longs accumulated again after mid-week liquidations. The options market held an upside bias in the evening; price responded with -2.7%. Futures volume is x10.3 vs spot: there is no real buyer behind these longs.
๐ Key levels for the day:
$77,863 - resistance, PDH. A return here will require volume that is not present yet
$75,322 - support, PDL = Weekly Low. A confirmed breakdown opens an empty zone down to $74,000
$77,380 - resistance, Monthly Open. Target for a recovery move
Scenario: โฌ๏ธ Bearish - L/S at 1.56 with no spot demand creates conditions for the next liquidation cascade; trigger - a confirmed close below $75,322
Invalidation: reclaim of $75,322 with increasing spot volume
Not investment advice.
#morning
1Hโผ 4Hโผ 1Dโผ 1Wโผ
Price broke PDL $75,322 and is trading right at it - all four timeframes are bearish, the market continues to slide from the Weekly High $78,180 for the third session in a row.
L/S rose to 1.56 - longs accumulated again after mid-week liquidations. The options market held an upside bias in the evening; price responded with -2.7%. Futures volume is x10.3 vs spot: there is no real buyer behind these longs.
๐ Key levels for the day:
$77,863 - resistance, PDH. A return here will require volume that is not present yet
$75,322 - support, PDL = Weekly Low. A confirmed breakdown opens an empty zone down to $74,000
$77,380 - resistance, Monthly Open. Target for a recovery move
Scenario: โฌ๏ธ Bearish - L/S at 1.56 with no spot demand creates conditions for the next liquidation cascade; trigger - a confirmed close below $75,322
Invalidation: reclaim of $75,322 with increasing spot volume
Not investment advice.
#morning
Digest
๐ Bullish factors
- SEC approved the listing of Bitcoin index options on Nasdaq - regulated instruments are expanding, making it easier for institutional players to work with BTC
- $1.26B outflow from Bitcoin ETFs per Santiment data forms a contrarian signal - historically such extremes have coincided with local reversals
๐ Bearish factors
- Trump Media sold 2,650 BTC at $77,200 on Crypto.com on May 21; combined losses from two transactions are estimated at $455M
- Saylor admitted Strategy could sell BTC in 2026 - a direct blow to the perpetual accumulation narrative
๐ฅ Traders yesterday
- Polymarket: a hacker withdrew over $520,000 from the UMA CTF Adapter contract on Polygon; the team confirmed a wallet key compromise
- WSJ: Iran-linked entities used Binance to circumvent sanctions and finance the IRGC - Binance rejected the allegations
- Glassnode: 6.04M BTC (30.2% of supply) worth $467B are at risk of potential quantum attacks
#digest
๐ Bullish factors
- SEC approved the listing of Bitcoin index options on Nasdaq - regulated instruments are expanding, making it easier for institutional players to work with BTC
- $1.26B outflow from Bitcoin ETFs per Santiment data forms a contrarian signal - historically such extremes have coincided with local reversals
๐ Bearish factors
- Trump Media sold 2,650 BTC at $77,200 on Crypto.com on May 21; combined losses from two transactions are estimated at $455M
- Saylor admitted Strategy could sell BTC in 2026 - a direct blow to the perpetual accumulation narrative
๐ฅ Traders yesterday
- Polymarket: a hacker withdrew over $520,000 from the UMA CTF Adapter contract on Polygon; the team confirmed a wallet key compromise
- WSJ: Iran-linked entities used Binance to circumvent sanctions and finance the IRGC - Binance rejected the allegations
- Glassnode: 6.04M BTC (30.2% of supply) worth $467B are at risk of potential quantum attacks
#digest
โค1
Evening. BTC $75,600
What changed since morning:
- L/S 1.56 failed to hold as support: cascading long liquidations of $109M hit during the Asian session
- Current $75,600 is above morning's $75,389, but this is a bounce within a down day, not a reversal
Session dynamics:
Asia set the tone: bias -1.49%, close at $74,609 - the main flush happened overnight. London stabilized, range 1.91%, close at $75,520 - effectively flat. NY broke the first-hour high and held above it, close at $75,620 - local dip-buy following the overnight decline.
Onchain/derivatives:
Funding on Hyperliquid turned negative - shorts are paying, no overheating on either side. OI declined alongside liquidations: positions were flushed out, not accumulated. Coinbase is again trading at a discount to Asian exchanges - Western demand is not picking up. Deribit put/call 0.70 holds for the second day: calls dominate while price sits below the weekly open levels - the options market maintains an upside bias despite price action, keeping this on my radar.
Saturday played out under Asian session pressure - NY partially bought the dip, price closes the day near daily highs, structure remains bearish.
Not investment advice.
#evening
What changed since morning:
- L/S 1.56 failed to hold as support: cascading long liquidations of $109M hit during the Asian session
- Current $75,600 is above morning's $75,389, but this is a bounce within a down day, not a reversal
Session dynamics:
Asia set the tone: bias -1.49%, close at $74,609 - the main flush happened overnight. London stabilized, range 1.91%, close at $75,520 - effectively flat. NY broke the first-hour high and held above it, close at $75,620 - local dip-buy following the overnight decline.
Onchain/derivatives:
Funding on Hyperliquid turned negative - shorts are paying, no overheating on either side. OI declined alongside liquidations: positions were flushed out, not accumulated. Coinbase is again trading at a discount to Asian exchanges - Western demand is not picking up. Deribit put/call 0.70 holds for the second day: calls dominate while price sits below the weekly open levels - the options market maintains an upside bias despite price action, keeping this on my radar.
Saturday played out under Asian session pressure - NY partially bought the dip, price closes the day near daily highs, structure remains bearish.
Not investment advice.
#evening
โค1
BTC $76,764
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
Yesterday's cascade reached $74,204 - PDL played out as the target. BTC has now recovered to $76,771, and this is a different picture: the longs that were flushed out on the way down are no longer pressuring the market.
OI dropped 1.2% alongside price - positions were being force-closed, not opened. L/S 1.20: the long skew remains, but moderate. Funding +0.009% - neutral, no overheating. Spot/futures x10.5: no real buyer behind the bounce yet, the move is speculative.
The options market yesterday maintained a bet on upside via calls - price first responded by dropping to $74K, then reversed. Put/call 0.70 at the current price looks like being right with a delay.
๐ Key levels for the day:
$77,427 - resistance, PDH. A breakout with volume opens Monthly Open $77,592
$74,204 - support, PDL = Weekly Low. A return here breaks the bounce
Scenario: โฌ๏ธ Bullish - consolidation above $77,427 with increasing volume opens the path to $78,180
Invalidation: loss of $76,503 without a buyback - the bounce turns into a retest of the lows
Not investment advice.
#morning
1Hโฒ 4Hโผ 1Dโฒ 1Wโผ
Yesterday's cascade reached $74,204 - PDL played out as the target. BTC has now recovered to $76,771, and this is a different picture: the longs that were flushed out on the way down are no longer pressuring the market.
OI dropped 1.2% alongside price - positions were being force-closed, not opened. L/S 1.20: the long skew remains, but moderate. Funding +0.009% - neutral, no overheating. Spot/futures x10.5: no real buyer behind the bounce yet, the move is speculative.
The options market yesterday maintained a bet on upside via calls - price first responded by dropping to $74K, then reversed. Put/call 0.70 at the current price looks like being right with a delay.
๐ Key levels for the day:
$77,427 - resistance, PDH. A breakout with volume opens Monthly Open $77,592
$74,204 - support, PDL = Weekly Low. A return here breaks the bounce
Scenario: โฌ๏ธ Bullish - consolidation above $77,427 with increasing volume opens the path to $78,180
Invalidation: loss of $76,503 without a buyback - the bounce turns into a retest of the lows
Not investment advice.
#morning
Digest
๐ Bullish factors
- Bank of America increased its position in IBIT to $37M as of Q1 2026; the bank's total crypto products volume reached $52M
- The ARMA bill has been introduced in the House of Representatives: a strategic bitcoin reserve at the Treasury, minimum 20-year holding horizon, sales permitted only to reduce national debt
๐ Bearish factors
- StablR exploit of $2.8M triggered a depeg of euro- and USD-stablecoins - a blow to confidence in regulated issuers at a moment when the regulatory framework has not yet settled
- The ECB warned of risks from euro-stablecoins: reduction in bank lending and loss of control over interest rates
๐ฅ Traders yesterday
- BTC dropped below $75,000 for the first time since April, ETH approached $2,000, some top-100 altcoins lost 10%+ in 24 hours
- Liquidations over 24 hours reached $940M, the overwhelming majority being forced long closures
- Arthur Hayes publicly named $150 as his HYPE target, while simultaneously depositing 115,453 HYPE ($6.33M) on Bybit for sale and locking in $1.76M on the spread - classic
#digest
๐ Bullish factors
- Bank of America increased its position in IBIT to $37M as of Q1 2026; the bank's total crypto products volume reached $52M
- The ARMA bill has been introduced in the House of Representatives: a strategic bitcoin reserve at the Treasury, minimum 20-year holding horizon, sales permitted only to reduce national debt
๐ Bearish factors
- StablR exploit of $2.8M triggered a depeg of euro- and USD-stablecoins - a blow to confidence in regulated issuers at a moment when the regulatory framework has not yet settled
- The ECB warned of risks from euro-stablecoins: reduction in bank lending and loss of control over interest rates
๐ฅ Traders yesterday
- BTC dropped below $75,000 for the first time since April, ETH approached $2,000, some top-100 altcoins lost 10%+ in 24 hours
- Liquidations over 24 hours reached $940M, the overwhelming majority being forced long closures
- Arthur Hayes publicly named $150 as his HYPE target, while simultaneously depositing 115,453 HYPE ($6.33M) on Bybit for sale and locking in $1.76M on the spread - classic
#digest
Weekly summary ยท 18.05 โ 24.05.2026
BTC
Open $78,148 โ Close $76,752 (-1.8%)
High $78,600 ยท Low $74,290
Market context
BTC dominance 58.1%
Total market cap $2.63T
Fear & Greed 25
Market
BTC dropped 1.8% on the week, printing a low of $74,290 before recovering to close near $76,752 โ the range held but failed to produce any meaningful bid above $78,000. Dominance slipped 1.1% to 58.1%, suggesting mild capital rotation out of BTC without a clear alt bid forming. Total market cap sits at $2.63T with Fear & Greed at 25, a reading that historically precedes either capitulation or a sharp short squeeze โ neither of which is confirmed yet.
The structure heading into next week is fragile: no trend break, no volume catalyst, and sentiment still pressing lows.
Next week focus
โ $74,290 is the key weekly low; a daily close below it opens a measured move toward $71,500โ$72,000, where the next significant volume cluster sits
โ $78,600 (weekly high) acts as immediate resistance; reclaim on volume would shift short-term bias back to neutral and put $81,000 back in play
โ Watch U.S. PCE data (Friday, May 29) โ a hot print raises real-rate pressure on risk assets and increases the probability of BTC retesting the weekly low within the same session
#weekly
BTC
Open $78,148 โ Close $76,752 (-1.8%)
High $78,600 ยท Low $74,290
Market context
BTC dominance 58.1%
Total market cap $2.63T
Fear & Greed 25
Market
BTC dropped 1.8% on the week, printing a low of $74,290 before recovering to close near $76,752 โ the range held but failed to produce any meaningful bid above $78,000. Dominance slipped 1.1% to 58.1%, suggesting mild capital rotation out of BTC without a clear alt bid forming. Total market cap sits at $2.63T with Fear & Greed at 25, a reading that historically precedes either capitulation or a sharp short squeeze โ neither of which is confirmed yet.
The structure heading into next week is fragile: no trend break, no volume catalyst, and sentiment still pressing lows.
Next week focus
โ $74,290 is the key weekly low; a daily close below it opens a measured move toward $71,500โ$72,000, where the next significant volume cluster sits
โ $78,600 (weekly high) acts as immediate resistance; reclaim on volume would shift short-term bias back to neutral and put $81,000 back in play
โ Watch U.S. PCE data (Friday, May 29) โ a hot print raises real-rate pressure on risk assets and increases the probability of BTC retesting the weekly low within the same session
#weekly