As June rolled along, Bitcoin started with a slump. The market is still dealing with the repercussions of last fall's cycle high of $126,000, which even the most persuasive institutional narratives can't erase, as we enter the new month at around $70,000, or around 40% lower.
With a net redemption of $2.30 billion, Bitcoin ETFs saw their worst monthly outflow of 2026 at the end of May. This change halted donations for two months in a row and conveys a message that may worry even the most loyal backers.
This week, that scenario faces a significant challenge.
A packed macro calendar aligns with a delicate technical framework, leading to a scenario that could unfold sharply in either direction. Traders who fail to consider the complete landscape at this moment are not engaging with the market; they are merely taking chances.
The Macro Hand That's Dealing the Cards
