Bitcoin is shy to move up, but refuses to fall
FXStreet
Last updated: May 26, 2026
The cryptocurrency market is experiencing volatility, with total market capitalization fluctuating around $2.57 trillion. Key altcoins like Near Protocol and Toncoin have shown gains, while Bitcoin's price movements are subdued and lag behind stock markets. Outflows from US spot Bitcoin and Ethereum ETFs continue, alongside cautious sentiment from miners and notable sales by Trump Media and Mark Cuban.
- Bitcoin's price has seen minor fluctuations, trading around $77K after dipping to $74.3K, with its 50-day moving average acting as a support level. Buyers are hesitant due to the absence of a definitive bear market end signal.
- US spot Bitcoin ETFs experienced net weekly outflows of $1.26 billion, the highest since late January, extending a trend of outflows following weeks of inflows.
- US spot Ethereum ETFs also saw persistent outflows, with net weekly outflows of $216 million.
- Weakening retail demand and ETF outflows are viewed by Santiment as a potential contrarian buy signal for Bitcoin.
- Bitcoin miners are maintaining caution, reducing reserves as they lack confidence in a sustained bear market recovery and see no immediate grounds for significant BTC purchases.
- Trump Media and Technology Group moved 2,650 bitcoins to Crypto.com, speculated by Arkham Intelligence as a move to sell at a loss, given their high average purchase price.
- Billionaire Mark Cuban has sold 80% of his Bitcoin holdings, citing a loss of faith in it as a safe-haven asset, while retaining a higher conviction in Ethereum.
