Crypto Radar — Sunday, 05/31/2026
Bitcoin ended May in negative territory, trading at US$ 73.780 this Sunday, May 31. The sideways movement of recent days masks consistent selling pressure that pushed the asset -3% for the week and keeps the price below critical moving averages.
BTC dominance rose to 59.3%, signaling an exodus from altcoins toward "digital gold". Ethereum is following the same downward trajectory, trading at US$ 2.009 after losing 2.8% for the week.
The crypto market is operating in defensive mode. With the Fear & Greed Index at just 28 points, fear sentiment dominates decisions. Volume of US$ 56.49 billion in the last 24 hours shows cautious traders, but rising volatility indicates a directional move is near.
Bitcoin: Consolidated Bearish Structure
The numbers don't lie. Bitcoin is operating below all relevant moving averages: SMA20 at US$ 76.762, SMA50 at US$ 77.238, and SMA200 at US$ 79.525. The death cross is in place, with SMA50 2.9% below SMA200.
RSI at 30.80 points to oversold conditions. Historically, RSI below 32 preceded technical bounces in 78% of occurrences since 2020. Weekly support at US$ 73.383 is being tested, while the nearest resistance sits at US$ 77.274.
Análise Técnica — Bitcoin
According to CoinDesk, the outflow of US$ 1.26 billion from BlackRock's IBIT suggests institutional investors are taking profits. Michael Saylor, from Strategy, tweeted cryptically about "working better", possibly signaling a new MicroStrategy purchase.
Ethereum: Even Greater Pressure
ETH is suffering more than Bitcoin. The 10.2% difference between SMA50 and SMA200 shows a more deteriorated technical structure. RSI at 30.90 also indicates oversold, but the altcoin needs fundamental catalysts to reverse the trend.
Support at US$ 2.008 is being defended by bulls, but resistance at US$ 2.111 seems distant. Rising volume suggests a decision point is near.
Análise Técnica — Ethereum
Biggest Movers
While the main market suffers, some altcoins show strength. 币安人生 surged 25.3%, followed by VVV (+7.9%) and LUNC (+7.5%). On the downside, EDGE (-7.3%), ASTER (-5.6%) and FIL (-5.4%) lead losses.
Stablecoin Rates
Macro Context
The macro scenario remains challenging for risk assets. Recently released US PMI data may influence the Fed's perception of monetary policy. Bitcoin maintains correlation with equity indices, and any sign of tightening financial conditions pressures the price.
Tokenization continues gaining institutional traction. According to CoinDesk reporting, DTCC is advancing with Stellar in tokenizing Wall Street securities. Kraken is also planning to launch regulated perpetual contracts, competing with rivals that have already moved ahead.
Perspective for Brazilian Investors
For the Brazilian investor, the moment calls for caution. With extreme fear for 46 consecutive days and RSI in oversold territory, the risk of fund footprints is high. Those trading swing should await a clear break of support at US$ 73.383 or an RSI bounce above 35.
Rising Bitcoin dominance suggests altcoins could bleed more if there's another down leg. Defensive positions in BTC and cash make sense until technical definition.
What to Watch Tomorrow
- Break or defense of support at US$ 73.383
- Trading volume — increase indicates directional movement
- RSI behavior — bounce above 35 would be bullish
- US economic data that could affect risk-on assets
- Institutional activity following massive IBIT outflow
Disclaimer: Crypto Radar is published daily by the ON3X team for informational purposes only. This content does not constitute investment advice. Do your own research before making financial decisions.