子棋UVDAO|5月 09, 2026 14:31
Why is the U.S. stock market rising recently, but $BTC is stuck in a sideways trend?
The answer is straightforward: Wall Street is taking profits in phases.
From May 1 to May 5, institutions pushed the main upward wave by aggressively net-buying thousands of $BTC daily.
On May 7 and May 8, ETF funds reversed direction, with two consecutive days of net outflows (3,298 $BTC and 1,821 $BTC, respectively).
Even with strong macro sentiment in the U.S. stock market, the crypto market has to withstand this real selling pressure. This is the fundamental reason for the recent decoupling and stagnant price movement.
Over two days, more than 5,000 $BTC were dumped, yet the price stubbornly held at the $80K level without a significant drop. This indicates strong buying support below, suggesting this is far from a market top. Instead, it’s a very healthy high-level consolidation with strong turnover.
The trend remains intact. The overall direction is bullish, not bearish. In the short term, it’s likely to continue sideways or dip slightly to test liquidity. Don’t rush to chase the highs—be patient and wait for it to pull back to the blue trendline support.
Keep a close eye on ETF data. Once net outflows start narrowing or turn positive again, and the price stabilizes above the trendline, that’s a high-probability entry point for a right-side long position.
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