BTC $78,066 (-1.1%)
1H▼ 4H▼ 1D▲ 1W▼
ETF flows have reversed - $1B in outflows last week after six consecutive weeks of inflows. This is the first real signal that institutions are not buying the dip, but exiting. Price is holding at the Weekly Low of $77,602 - the level is holding for now, but there are no visible buyers below it.
A small short squeeze yesterday (~$78M) produced a bounce, but OI dropped in the process - positions were being closed, not opened. Fundamentally nothing has changed: US10Y at 4.59%, S&P in the red, F&G down from 43 to 27 in two days.
📍 Key levels for the day:
$79,200 - resistance, PDH. A reclaim above this level changes the short-term picture
$79,770 - resistance, Monthly Open. Consolidation here is a prerequisite for any bullish thesis
$77,602 - support, Weekly Low = PDL. A breakdown below with volume opens the path to $75K
Scenario: ⬇️ bearish - holding below $79,200 and a breakdown of $77,602
Invalidation: close above $79,770 with OI recovery
#morning
Not investment advice.
1H▼ 4H▼ 1D▲ 1W▼
ETF flows have reversed - $1B in outflows last week after six consecutive weeks of inflows. This is the first real signal that institutions are not buying the dip, but exiting. Price is holding at the Weekly Low of $77,602 - the level is holding for now, but there are no visible buyers below it.
A small short squeeze yesterday (~$78M) produced a bounce, but OI dropped in the process - positions were being closed, not opened. Fundamentally nothing has changed: US10Y at 4.59%, S&P in the red, F&G down from 43 to 27 in two days.
📍 Key levels for the day:
$79,200 - resistance, PDH. A reclaim above this level changes the short-term picture
$79,770 - resistance, Monthly Open. Consolidation here is a prerequisite for any bullish thesis
$77,602 - support, Weekly Low = PDL. A breakdown below with volume opens the path to $75K
Scenario: ⬇️ bearish - holding below $79,200 and a breakdown of $77,602
Invalidation: close above $79,770 with OI recovery
#morning
Not investment advice.
Digest
📈 Bullish factors
- Intesa Sanpaolo doubled its crypto holdings to $235M in Q1 2026 - Italy's largest bank holds direct positions, not ETFs
- BTC on-chain activity per Glassnode crossed the 60 mark - historically this has coincided with local bottoms
📉 Bearish factors
- BTC dropped back below $78,000 to early-May levels, buyer CVD on Binance collapsed from +$50M to +$6.5M over the month
- Saylor admitted BTC Strategy may sell BTC to protect against "dilution" - $1.38B in convertible bonds mature as early as May 19, and this is weighing on sentiment
Pressure from both sides is real, so we're watching trader data.
👥 Traders yesterday
- Spot BTC ETFs: total outflow of $1B for May 11-15, inflows only on Monday ($27.3M) and Thursday ($131.3M), AUM slipped to $104.29B
- Ethereum ETFs saw $255.1M in outflows for the week; meanwhile XRP funds collected +$60.5M, Solana funds +$58.1M - rotation into alts is underway
- CVD on Binance in May: +$6.5M vs. +$50M in March per CryptoQuant - buyers are clearly in no rush
- Circle placed ARC tokens raising $222M; the Roaring Kitty account was hacked and used to dump the RK token
#digest
📈 Bullish factors
- Intesa Sanpaolo doubled its crypto holdings to $235M in Q1 2026 - Italy's largest bank holds direct positions, not ETFs
- BTC on-chain activity per Glassnode crossed the 60 mark - historically this has coincided with local bottoms
📉 Bearish factors
- BTC dropped back below $78,000 to early-May levels, buyer CVD on Binance collapsed from +$50M to +$6.5M over the month
- Saylor admitted BTC Strategy may sell BTC to protect against "dilution" - $1.38B in convertible bonds mature as early as May 19, and this is weighing on sentiment
Pressure from both sides is real, so we're watching trader data.
👥 Traders yesterday
- Spot BTC ETFs: total outflow of $1B for May 11-15, inflows only on Monday ($27.3M) and Thursday ($131.3M), AUM slipped to $104.29B
- Ethereum ETFs saw $255.1M in outflows for the week; meanwhile XRP funds collected +$60.5M, Solana funds +$58.1M - rotation into alts is underway
- CVD on Binance in May: +$6.5M vs. +$50M in March per CryptoQuant - buyers are clearly in no rush
- Circle placed ARC tokens raising $222M; the Roaring Kitty account was hacked and used to dump the RK token
#digest
❤1
Weekly summary · 11.05 – 17.05.2026
BTC
Open $80,678 → Close $78,148 (-3.1%)
High $82,479 · Low $77,640
Market context
BTC dominance 58.2%
Total market cap $2.68T
Fear & Greed 27
Market
BTC dropped 3.1% across the week, touching a low of $77,640 before a partial recovery to $78,148, with the $82,479 high remaining undefended. Dominance held at 58.2% despite a 5% weekly decline in that metric, suggesting altcoins absorbed some selling pressure without a clear rotation signal. Total market cap sits at $2.68T with Fear & Greed at 27 — capital is defensive, not accumulating.
The structure points to continued distribution near the $80K handle rather than base-building.
Next week focus
— $77,640 is the immediate weekly low and key support; a daily close below it opens a measured move toward $74,500–$75,000
— $80,700–$82,500 is the overhead supply zone; any recovery attempt into this range without volume expansion is a shorting reference, not confirmation of trend reversal
— BTC dominance at 58.2% with a declining trend: if it breaks below 57%, monitor ETH/BTC for a relative strength shift that could redirect flows
#weekly
BTC
Open $80,678 → Close $78,148 (-3.1%)
High $82,479 · Low $77,640
Market context
BTC dominance 58.2%
Total market cap $2.68T
Fear & Greed 27
Market
BTC dropped 3.1% across the week, touching a low of $77,640 before a partial recovery to $78,148, with the $82,479 high remaining undefended. Dominance held at 58.2% despite a 5% weekly decline in that metric, suggesting altcoins absorbed some selling pressure without a clear rotation signal. Total market cap sits at $2.68T with Fear & Greed at 27 — capital is defensive, not accumulating.
The structure points to continued distribution near the $80K handle rather than base-building.
Next week focus
— $77,640 is the immediate weekly low and key support; a daily close below it opens a measured move toward $74,500–$75,000
— $80,700–$82,500 is the overhead supply zone; any recovery attempt into this range without volume expansion is a shorting reference, not confirmation of trend reversal
— BTC dominance at 58.2% with a declining trend: if it breaks below 57%, monitor ETH/BTC for a relative strength shift that could redirect flows
#weekly
Evening. BTC $78,066 (-0.2% on the day)
Sunday passed in drift - price didn't move a dollar from the morning level over the entire 24 hours.
What changed vs morning:
- Weekly Low $77,602 held without a break - price is squeezed in a narrow range between levels
- TF structure deteriorated: 3 bearish vs 1 bullish, same as yesterday
Session dynamics:
Asia moved sideways with minimal bias, closed at $78,180. London slightly lower - flat with a negative tilt, close at $78,051. NY pushed down: the first hour broke the lower range boundary and held below it.
Onchain/derivatives:
OI barely moved - market is standing still, no position buildup. Funding on Bybit and OKX diverged in opposite directions: no consensus on direction. Coinbase again at a discount to Asian exchanges - Western demand remains weaker. Deribit put/call 0.69, calls still dominate: the options market isn't repositioning for a decline despite four days of pressure.
Fear & Greed dropped to 27 - Sunday closes in fear, with no impulse in either direction.
#evening
Sunday passed in drift - price didn't move a dollar from the morning level over the entire 24 hours.
What changed vs morning:
- Weekly Low $77,602 held without a break - price is squeezed in a narrow range between levels
- TF structure deteriorated: 3 bearish vs 1 bullish, same as yesterday
Session dynamics:
Asia moved sideways with minimal bias, closed at $78,180. London slightly lower - flat with a negative tilt, close at $78,051. NY pushed down: the first hour broke the lower range boundary and held below it.
Onchain/derivatives:
OI barely moved - market is standing still, no position buildup. Funding on Bybit and OKX diverged in opposite directions: no consensus on direction. Coinbase again at a discount to Asian exchanges - Western demand remains weaker. Deribit put/call 0.69, calls still dominate: the options market isn't repositioning for a decline despite four days of pressure.
Fear & Greed dropped to 27 - Sunday closes in fear, with no impulse in either direction.
#evening
❤1
BTC $76,854 (-1.4%)
1H▼ 4H▼ 1D▲ 1W▼
Last week closed down 0.6% - a sideways drift with a downward bias, and Monday is starting in the same fashion. CME opened with a gap down: Friday's close at $79,210, opening at $78,325 - the unfilled gap zone now hangs above price like a magnet, but first the market needs to survive what lies below.
The key contradiction of the morning: L/S at 1.34 - the market is skewed long more heavily than it was on Friday, yet 3 out of 4 timeframes are bearish, US10Y yields have risen to 4.59%, and the S&P is in the red. Longs have been accumulated while macro is pressing down - an uncomfortable combination. Yesterday's liquidation cascade of $239M already flushed out some positions, but the L/S ratio shows the market has not repositioned.
📍 Key levels for the day:
$78,325 - resistance, lower boundary of the CME gap. A reclaim above this level shifts the short-term tone
$78,564 - resistance, PDH. The second ceiling before the gap zone
$76,666 - support, PDL. A break opens the path to $75K with no significant levels in between
Scenario: ⬇️ Bearish - holding below $78,325 and a breakdown of PDL $76,666
Invalidation: close above $78,325 with OI recovery
#morning
Not investment advice.
1H▼ 4H▼ 1D▲ 1W▼
Last week closed down 0.6% - a sideways drift with a downward bias, and Monday is starting in the same fashion. CME opened with a gap down: Friday's close at $79,210, opening at $78,325 - the unfilled gap zone now hangs above price like a magnet, but first the market needs to survive what lies below.
The key contradiction of the morning: L/S at 1.34 - the market is skewed long more heavily than it was on Friday, yet 3 out of 4 timeframes are bearish, US10Y yields have risen to 4.59%, and the S&P is in the red. Longs have been accumulated while macro is pressing down - an uncomfortable combination. Yesterday's liquidation cascade of $239M already flushed out some positions, but the L/S ratio shows the market has not repositioned.
📍 Key levels for the day:
$78,325 - resistance, lower boundary of the CME gap. A reclaim above this level shifts the short-term tone
$78,564 - resistance, PDH. The second ceiling before the gap zone
$76,666 - support, PDL. A break opens the path to $75K with no significant levels in between
Scenario: ⬇️ Bearish - holding below $78,325 and a breakdown of PDL $76,666
Invalidation: close above $78,325 with OI recovery
#morning
Not investment advice.
Digest
📈 Bullish factors
- BTC ETFs hit new ATH in AUM and holder count, while RWA assets on Solana reached $2.8B (216,000 holders, stablecoin inflow $132M in 24h)
- Solana leads all networks in stablecoin supply growth - the numbers speak for themselves
📉 Bearish factors
- Long liquidations $563M in 24h - BTC and ETH took the main hit, cascade swept across the entire market
- Two DeFi hacks in 24h: Verus Ethereum bridge for $11.6M and a separate crypto bridge for $11M - pressure on ETH sentiment is obvious
👥 Traders yesterday
- A whale opened a 25x short on ETH for 23,151 ETH ($50.55M), liquidation at $2,288 - simultaneously a 20x long on BTC for 323.72 BTC ($25.27M), liquidation at $70,325
- Harvard cut IBIT by 43% to $117M and fully exited BlackRock's ETH ETF ($86.8M) - per SEC filings
- CFTC launched AI monitoring of insider trading, including tracking US traders on Polymarket via VPN
#digest
📈 Bullish factors
- BTC ETFs hit new ATH in AUM and holder count, while RWA assets on Solana reached $2.8B (216,000 holders, stablecoin inflow $132M in 24h)
- Solana leads all networks in stablecoin supply growth - the numbers speak for themselves
📉 Bearish factors
- Long liquidations $563M in 24h - BTC and ETH took the main hit, cascade swept across the entire market
- Two DeFi hacks in 24h: Verus Ethereum bridge for $11.6M and a separate crypto bridge for $11M - pressure on ETH sentiment is obvious
👥 Traders yesterday
- A whale opened a 25x short on ETH for 23,151 ETH ($50.55M), liquidation at $2,288 - simultaneously a 20x long on BTC for 323.72 BTC ($25.27M), liquidation at $70,325
- Harvard cut IBIT by 43% to $117M and fully exited BlackRock's ETH ETF ($86.8M) - per SEC filings
- CFTC launched AI monitoring of insider trading, including tracking US traders on Polymarket via VPN
#digest
❤1
Evening. BTC $76,350 (-2.2% on the day)
Monday accelerated the decline - PDL $76,666 broken, price moved below with no meaningful levels in between.
What changed vs. morning:
- Morning long thesis failed: PDL $76,666 broken to the downside and held below, all 4 timeframes now bearish
- $78,325 and $78,564 were never tested - price moved in one direction from the open
- CME gap $78,325-$79,210 remains unfilled, now even further from current price
Session dynamics:
Asia opened around $78,066 and steadily drifted to $77,074 - slope of -1.18%, no bounces. London continued: range expanded, closed near $76,409. NY added pressure: first hour broke the lower boundary of its range and held below, currently $76,307.
Onchain/derivatives:
Deribit put/call 0.69 - options market holds a call skew for the third consecutive day, even as price has lost over $1,700 from Friday's close. OI barely changed on the decline - positions not being cut, longs sitting tight. Coinbase again at a discount to Asian exchanges: Western demand has been softer for several days running. Tomorrow watching whether $76,000 holds - below that, no notable levels until $75,000.
Fifth consecutive down day, Fear & Greed 28, every session in the red - Monday closing at new weekly lows.
#evening
Monday accelerated the decline - PDL $76,666 broken, price moved below with no meaningful levels in between.
What changed vs. morning:
- Morning long thesis failed: PDL $76,666 broken to the downside and held below, all 4 timeframes now bearish
- $78,325 and $78,564 were never tested - price moved in one direction from the open
- CME gap $78,325-$79,210 remains unfilled, now even further from current price
Session dynamics:
Asia opened around $78,066 and steadily drifted to $77,074 - slope of -1.18%, no bounces. London continued: range expanded, closed near $76,409. NY added pressure: first hour broke the lower boundary of its range and held below, currently $76,307.
Onchain/derivatives:
Deribit put/call 0.69 - options market holds a call skew for the third consecutive day, even as price has lost over $1,700 from Friday's close. OI barely changed on the decline - positions not being cut, longs sitting tight. Coinbase again at a discount to Asian exchanges: Western demand has been softer for several days running. Tomorrow watching whether $76,000 holds - below that, no notable levels until $75,000.
Fifth consecutive down day, Fear & Greed 28, every session in the red - Monday closing at new weekly lows.
#evening
❤1
BTC $76,961 (-0.2%)
1H▼ 4H▼ 1D▲ 1W▼
BTC updated the early-May low, dropping to $76,580 intraday, and is now trading slightly above that - between yesterday's low of $76,014 and high of $77,758. Three consecutive days of downward pressure, yet no PDL breakout so far.
L/S ratio rose to 1.42 - longs are even more accumulated than yesterday, despite $500M+ in liquidations over the weekend, predominantly on the long side. The market has not repositioned. The options market is holding a call skew for the third day in a row - and this is with price sitting $2,000 below Friday's close.
📍 Key levels for the day:
$77,758 - resistance, PDH = Weekly High. Reclaiming this level relieves downward pressure
$78,610 - resistance, Monthly Open. Consolidation here is needed for a tone shift
$76,014 - support, PDL = Weekly Low. A high-volume breakdown opens the next area of interest at $74,500
Scenario: ⬇️ bearish - holding below $77,758 and breaking $76,014
Invalidation: close above $77,758 with rising OI
#morning
Not investment advice.
1H▼ 4H▼ 1D▲ 1W▼
BTC updated the early-May low, dropping to $76,580 intraday, and is now trading slightly above that - between yesterday's low of $76,014 and high of $77,758. Three consecutive days of downward pressure, yet no PDL breakout so far.
L/S ratio rose to 1.42 - longs are even more accumulated than yesterday, despite $500M+ in liquidations over the weekend, predominantly on the long side. The market has not repositioned. The options market is holding a call skew for the third day in a row - and this is with price sitting $2,000 below Friday's close.
📍 Key levels for the day:
$77,758 - resistance, PDH = Weekly High. Reclaiming this level relieves downward pressure
$78,610 - resistance, Monthly Open. Consolidation here is needed for a tone shift
$76,014 - support, PDL = Weekly Low. A high-volume breakdown opens the next area of interest at $74,500
Scenario: ⬇️ bearish - holding below $77,758 and breaking $76,014
Invalidation: close above $77,758 with rising OI
#morning
Not investment advice.
Digest
📈 Bullish factors
- XRP and SOL funds attracted $67.6M and $55.1M in a week while BTC funds shed $982M - capital is clearly rotating into alts
- 10% of Americans used crypto in 2025 - highest since 2022, per Fed data
📉 Bearish factors
- Echo Protocol hacked for $76-77M via admin key compromise in eBTC minting - a direct hit to BTC-derivative DeFi
- BTC ETF outflows approaching $1B for the week, derivatives pointing to continued sell-off
⚡️ Key event - Swan Bitcoin: $1B lawsuit
Swan Bitcoin hit with a nearly $1B lawsuit over asset transfers made prior to Prime Trust's bankruptcy. This is not just a legal dispute - the entire non-bank BTC custody segment is under pressure: trust in such structures is now in question at the exact moment ETF money is already leaving.
👥 Traders yesterday
- Weekly crypto fund outflows reached $1.07B - third largest YTD; comparable figures were last seen only when BTC dropped to $62,700 in January-February
- Goldman Sachs fully exited XRP ETF ($154M) and SOL ETF ($108M) in Q1 2026, cut ETH ETF by 70% to $114M, kept BTC ETF at $700M
- Oil perps BRENTOIL/USDC on Hyperliquid triggered $3.76M in long liquidations in one hour - more than all BTC liquidations across all exchanges in the same period ($3.06M)
#digest
📈 Bullish factors
- XRP and SOL funds attracted $67.6M and $55.1M in a week while BTC funds shed $982M - capital is clearly rotating into alts
- 10% of Americans used crypto in 2025 - highest since 2022, per Fed data
📉 Bearish factors
- Echo Protocol hacked for $76-77M via admin key compromise in eBTC minting - a direct hit to BTC-derivative DeFi
- BTC ETF outflows approaching $1B for the week, derivatives pointing to continued sell-off
⚡️ Key event - Swan Bitcoin: $1B lawsuit
Swan Bitcoin hit with a nearly $1B lawsuit over asset transfers made prior to Prime Trust's bankruptcy. This is not just a legal dispute - the entire non-bank BTC custody segment is under pressure: trust in such structures is now in question at the exact moment ETF money is already leaving.
👥 Traders yesterday
- Weekly crypto fund outflows reached $1.07B - third largest YTD; comparable figures were last seen only when BTC dropped to $62,700 in January-February
- Goldman Sachs fully exited XRP ETF ($154M) and SOL ETF ($108M) in Q1 2026, cut ETH ETF by 70% to $114M, kept BTC ETF at $700M
- Oil perps BRENTOIL/USDC on Hyperliquid triggered $3.76M in long liquidations in one hour - more than all BTC liquidations across all exchanges in the same period ($3.06M)
#digest
Evening. BTC $76,528 (+0.2% on the day)
Price recovered its morning losses, closing the day where it started - effectively no movement.
What changed since morning:
- Long thesis didn't play out: $77,758 was never tested, price moved down from London open
- $76,014 held - no downside break, price consolidating just above the level
- Timeframe structure: 3 bearish out of 4, zero bullish - pressure not relieved
Session dynamics:
Asia closed at $77,234 with a modest gain - the only session of the day with a positive bias. London reversed the move lower, closing at $76,521. NY continues the decline: first hour broke below its range low and held there.
Onchain/derivatives:
Funding on Hyperliquid is neutral - no position overheating. OI rose $170M with near-zero price movement: positions are being built, but buyers aren't pushing price - accumulation without momentum. Coinbase is again at a discount to Asian exchanges, Western demand has been weak for several days running. Deribit put/call 0.67 - calls dominating for the fourth consecutive day while price sits $1,500 below Friday's close; keeping this gap between positioning and price in focus.
Tuesday closes flat at weekly lows: sellers couldn't push through $76,000, buyers couldn't reclaim $77,000.
#evening
Price recovered its morning losses, closing the day where it started - effectively no movement.
What changed since morning:
- Long thesis didn't play out: $77,758 was never tested, price moved down from London open
- $76,014 held - no downside break, price consolidating just above the level
- Timeframe structure: 3 bearish out of 4, zero bullish - pressure not relieved
Session dynamics:
Asia closed at $77,234 with a modest gain - the only session of the day with a positive bias. London reversed the move lower, closing at $76,521. NY continues the decline: first hour broke below its range low and held there.
Onchain/derivatives:
Funding on Hyperliquid is neutral - no position overheating. OI rose $170M with near-zero price movement: positions are being built, but buyers aren't pushing price - accumulation without momentum. Coinbase is again at a discount to Asian exchanges, Western demand has been weak for several days running. Deribit put/call 0.67 - calls dominating for the fourth consecutive day while price sits $1,500 below Friday's close; keeping this gap between positioning and price in focus.
Tuesday closes flat at weekly lows: sellers couldn't push through $76,000, buyers couldn't reclaim $77,000.
#evening
❤1
BTC $77,178
1H▼ 4H▼ 1D▲ 1W▼
Price is locked between PDL $76,107 and PDH $77,385 - fourth consecutive day without a breakout in either direction. Yesterday the options market held a calls skew with price sitting $1,500 below Friday's close - today that gap hasn't gone anywhere, calls are still dominant.
Key fact of the morning: L/S ratio rose to 1.48 - longs are accumulated at their highest level in recent days, while ETF outflows yesterday totaled $648M (BlackRock alone accounted for $448M). The market is holding longs while institutions are exiting through spot. This contradiction typically resolves in one way.
📍 Key levels for the day:
$77,385 - resistance, PDH. A breakout with volume changes the picture
$76,107 - support, PDL. A breakout opens the next zone at $74,500
Scenario: ⬇️ bearish - L/S at 1.48 combined with active ETF outflows creates pressure on longs; expecting a breakout of $76,107
Invalidation: close above PDH $77,385 with a reversal in ETF flows
#morning
Not investment advice.
1H▼ 4H▼ 1D▲ 1W▼
Price is locked between PDL $76,107 and PDH $77,385 - fourth consecutive day without a breakout in either direction. Yesterday the options market held a calls skew with price sitting $1,500 below Friday's close - today that gap hasn't gone anywhere, calls are still dominant.
Key fact of the morning: L/S ratio rose to 1.48 - longs are accumulated at their highest level in recent days, while ETF outflows yesterday totaled $648M (BlackRock alone accounted for $448M). The market is holding longs while institutions are exiting through spot. This contradiction typically resolves in one way.
📍 Key levels for the day:
$77,385 - resistance, PDH. A breakout with volume changes the picture
$76,107 - support, PDL. A breakout opens the next zone at $74,500
Scenario: ⬇️ bearish - L/S at 1.48 combined with active ETF outflows creates pressure on longs; expecting a breakout of $76,107
Invalidation: close above PDH $77,385 with a reversal in ETF flows
#morning
Not investment advice.
❤1
DXY 99.42
US 10Y Yield: 4.67%
VIX: 18.0
BTC (~24h, futures): +0.87%
DXY holds below 100 with a modest recovery, while the 10Y yield continues to creep higher - pressuring risk asset valuations through the cost of money.
Not investment advice.
#dxy
US 10Y Yield: 4.67%
VIX: 18.0
BTC (~24h, futures): +0.87%
DXY holds below 100 with a modest recovery, while the 10Y yield continues to creep higher - pressuring risk asset valuations through the cost of money.
Not investment advice.
#dxy
Digest
📈 Bullish factors
- Bitfinex traders increased BTC longs to a 2.5-year high - the bet on a reversal has been accumulating for five consecutive days.
- The U.S. Senate restricted Trump's military authority over Iran: BTC, ETH, and XRP rebounded as the geopolitical risk premium declined.
📉 Bearish factors
- Daily outflows from spot BTC ETFs reached $648.6M, of which $448M came from BlackRock alone; the second-largest single-day outflow of 2026.
- WLFI-linked AI Financial Corporation recorded a $271.5M loss and officially raised doubts about its ability to continue operations.
👥 Traders yesterday
- On May 19, BTC traded at $76,864, ETH at $2,134, Fear & Greed Index at 25 ("Extreme Fear").
- Strategy holds 4% of total BTC supply, BitMine holds 4.37% of ETH supply; corporate accumulation continues even through the drawdown.
- Bitcoin Depot announced the closure of its network of 9,000 Bitcoin ATMs.
#digest
📈 Bullish factors
- Bitfinex traders increased BTC longs to a 2.5-year high - the bet on a reversal has been accumulating for five consecutive days.
- The U.S. Senate restricted Trump's military authority over Iran: BTC, ETH, and XRP rebounded as the geopolitical risk premium declined.
📉 Bearish factors
- Daily outflows from spot BTC ETFs reached $648.6M, of which $448M came from BlackRock alone; the second-largest single-day outflow of 2026.
- WLFI-linked AI Financial Corporation recorded a $271.5M loss and officially raised doubts about its ability to continue operations.
👥 Traders yesterday
- On May 19, BTC traded at $76,864, ETH at $2,134, Fear & Greed Index at 25 ("Extreme Fear").
- Strategy holds 4% of total BTC supply, BitMine holds 4.37% of ETH supply; corporate accumulation continues even through the drawdown.
- Bitcoin Depot announced the closure of its network of 9,000 Bitcoin ATMs.
#digest