Bitcoin remains under downside pressure and the market is approaching a very important technical area. In this video, we take a detailed look at the larger Elliott Wave structure, why the current rally still looks corrective, and what would confirm that a larger bearish phase is already underway.
Bitcoin (BTC) is trading around $74,500 to $75,200 on May 23, 2026, dropping over 3% in 24 hours and sliding roughly 10% from its early May peak of $82,500. The market is dealing with a mix of heavy ETF outflows, technical breakdowns, and significant regulatory shifts.
Visit Trading Platform >>
Bitcoin BTC Price News & Insights Today 23-5-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
-SEC Framework Delay: The U.S. Securities and Exchange Commission (SEC) delayed a proposed regulatory framework for tokenized U.S. stocks. This sparked a liquidation wave, flushing out over $500 million in leveraged crypto futures positions.
-Massive Institutional Outflows: Spot Bitcoin ETFs are seeing severe liquidations, shedding $1.26 billion this week alone, bringing the cumulative two-week drain to $2.26 billion. Corporate treasury buyers have also pulled back purchasing volumes.
-Macro Economic Pressure: Global government bond and U.S. Treasury yields are climbing. Investors are moving capital away from non-yielding digital assets into traditional yield-generating products, especially as Wall Street shifts its Federal Reserve rate-cut expectations.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
