$BTC

May closes at $73,146. Down 5.1% on the month. BTC started May at $77,051. Behind that drawdown: the CLARITY Act cleared committee, Warsh took the Fed chair, Moody's stripped the US of its last Aaa rating, and $2.85 billion left Bitcoin ETFs in nine straight sessions.

Fear & Greed at 22 — Extreme Fear. The $73,000–$75,000 zone has been the primary support all week. A sustained daily close below $72,600 opens the path toward $65,000. The options expiry today at max pain $75,000 is the near-term upside anchor.

The $1.3 billion IBIT dark pool sale on May 26 was the largest off-exchange ETF transaction since launch. The market absorbed it. That is not what happens in a broken market. It is what happens in a market where institutional buyers are present at lower levels.