BTC slips to 75,500! ETH falls below 2,100! Dow hits record high, while crypto weakens alone

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BTC fell to $75,526 (-2.76%), and ETH slipped to $2,068 (-3.26%), both hitting their lowest levels in nearly 14 days. The Fear & Greed Index has remained at 28 (Fear) for two consecutive days, while the Dow Jones Industrial Average hit a record high of 50,579 on the same day, further widening the divergence between the stock market and crypto. (Context: Sell-off! BTC drops below $75,000, ETH loses $2,200; $200 million liquidated across the network in the last 4 hours) (Background: Bankless co-founder liquidates all ETH, team layoffs without a word of thanks: They call it "The Second Age") BTC has continued to weaken over the past 12 hours, sliding from $77,900 last night to a 14-day low of $75,220 at 09:00 this morning. It is currently trading at approximately $75,526, a 24-hour decline of 2.76%. ETH is under similar pressure, sliding from $2,141 to a low of $2,053, also hitting a two-week low, and is currently trading at approximately $2,068, a decline of 3.26%. Both major assets have retraced approximately 8% and 12.8% respectively from their recent highs on May 11 (BTC $82,145, ETH $2,373), with the downtrend continuing for nearly two weeks. **Widening Crypto Divergence** The weakness in the crypto market stands in stark contrast to the strength of the US stock market. At the close of the US stock market on May 22: The Dow Jones Industrial Average rose 0.58% to 50,579 points, setting a new historical record again. The S&P 500 rose 0.37% to 7,473 points, marking its eighth consecutive week of gains. The Nasdaq rose slightly by 0.19% to 26,343 points. The core of this divergence lies in the fact that the US stock market is benefiting from the pullback in 10-year US Treasury yields and positive corporate earnings, with capital continuing to flow into heavyweight stocks. Meanwhile, the crypto market is being squeezed by inflation data (PPI exceeded expectations on 5/13), US-Iran geopolitical tensions, and long liquidation pressure. BTC long positions alone saw approximately $183 million liquidated in the past 24 hours. The stock market is choosing to focus on "yields are coming down," while the crypto market is still digesting "inflation hasn't dropped enough." **Fear Index at 28 for Two Consecutive Days** The Crypto Fear & Greed Index has remained at 28 for two consecutive days, staying in the "Fear" zone. Compared to the neutral level of over 50 seen in early May, market sentiment has clearly cooled. **Key short-term observations:** If BTC loses the $75,000 integer support level (only about 0.7% away from the current price), the next support level to watch is the $73,000 to $72,000 range, which was the starting point of the mid-April rebound. Only by stabilizing above $77,000 will there be a chance to retest the $80,000 resistance. For ETH, $2,050 is the recent defensive line; a break below this could trigger an accelerated decline toward $1,980. Short-term pressure will only be initially alleviated if it recovers above $2,200. The US market will be closed next Monday for Memorial Day, and a low-liquidity environment may amplify volatility. The "knife catchers" have yet to appear. The above is not investment advice.

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Source:動區 BlockTempo

Published:2026-05-23 01:25:51

Category:bearish · Export Category bearish

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