Majors down 15–25%, $3B liquidated, and what those May bearish signals look like now.

Bitcoin MACD

Your weekly crypto brief

May 29 – June 5, 2026

A person on a park bench, leaves blowing in the wind, phone face-down on the seat beside them — steady amid noise

Quick Pulse

• Past 7 days — BTC: $61,859 (−15.7%)  •  ETH: $1,597 (−20.6%)  •  SOL: $64.51 (−21.3%)

• No new daily signals — BTC, ETH, and SOL were already in bearish daily MACD state going in.

• Top story: $3.45B left U.S. spot Bitcoin ETFs over a record 11-day streak, with capital rotating into AI stocks.

The Signal

The majors broke down. BTC fell 15.7% to $61,900, ETH gave up 20.6% to $1,600, and SOL dropped 21.3% to $64.50. The kind of week where every chart you open is red.

Here's the honest read: this isn't a week the system stayed silent on. It's a week the system had already turned. Going into Monday, all three priority coins were already in bearish daily MACD state.

BTC's daily MACD crossed bearish on May 12 at $80,500. SOL's crossed bearish on May 16 at $86.50. ETH's never crossed back to bullish at all — it's been bearish on the daily across the whole window.

What this week added was the catalyst. Treasury yields pushed above 4.5%, rate-cut odds collapsed, and risk-off in equities pulled crypto along as capital rotated into AI stocks. U.S. spot Bitcoin ETFs ran an 11-day outflow streak totaling $3.45B — the longest on record — and $1.5B in long liquidations cleared out in 24 hours.

Sentiment took an extra hit when Michael Saylor's Strategy sold 32 BTC for $2.5M to fund a dividend — its first disclosed sale since 2022. Tiny as supply. Loud as a break from the "never sell" line.

BTC has fallen from $80,500 to $61,900 since its May 12 cross (−23%). SOL from $86.50 to $64.50 since its May 16 cross (−25%). The indicator didn't predict the crash — it read the momentum shift that came before it.

What We're Watching

BTC, ETH, and SOL daily MACD are all deeply negative and still falling. When momentum bottoms, the bullish daily cross is what we'll watch for — not the price level itself. That reset hasn't started yet.

Open interest fell 8.5% as the cascade cleared out leverage. That doesn't tell us which direction comes next. It just means the fuel for another forced unwind is mostly gone.

Worth Reading

Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing

CoinDesk — U.S. spot Bitcoin ETFs logged a record 11-session outflow streak totaling $3.45B as institutional capital rotated into AI and semiconductor equities.

Bitcoin briefly drops below $62,000 as $1.5 billion in crypto longs get wiped out

CoinDesk — Over 208,000 traders had positions liquidated in 24 hours as BTC slipped below $62K, with longs taking the brunt of the $1.5B+ unwind.

Strategy shares fall after selling $2.5 million in bitcoin, its first sale since 2022

CNBC — Michael Saylor's Strategy sold 32 BTC for $2.5M to fund a preferred-share dividend, its first disclosed sale in nearly four years and a quiet break from the "never sell" thesis.

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Indicator activity only. Not financial advice. Past performance does not indicate future results.

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