The US stock market has been up for nine straight weeks, while $2 billion flowed out of crypto ETFs. Looking back on the last day of May, same macro environment, two different worlds. $BTC started at 74k and is back at 74k. The price hasn’t changed, but the direction of money has. Combined outflows from $BTC and $ETH ETFs exceeded $2 billion in May. Meanwhile, the S&P went from 7400 to 7580. Institutions are selling crypto and buying stocks—this is May’s most honest report card. $ETH is hovering around 2000, $SOL is in the 80s. Nobody’s even mentioning "altcoin season" anymore. Three things to watch next week: Will ETF outflows narrow? If they stop, it could mean institutions are done exiting, and a short-term bottom might be near. What’s the tone of the June FOMC? The interest rate narrative is the only variable that can shake up the crypto market right now. And can $BTC hold above 73k? If it breaks, we’re looking at sub-70k levels. Honestly, what the market lacks right now isn’t technical support levels—it’s a narrative. No new stories, no new money. Next week, the market is waiting for a reason. It could be a dovish FOMC, an ETF turning point, or just quietly waiting it out. The hardest part isn’t losing money—it’s not knowing whether to wait. As for me, I’ll keep holding my short positions until the big crash comes.