On May 29, nine additional long-idle bitcoin wallets moved 370 BTC worth about $27.9 million, bringing the week's total to more than 665 BTC shifted from long-silent addresses in under 48 hours. Earlier, 19 transfers from legacy P2PKH wallets created in 2014 and 2015 moved 665 BTC valued at just over $48 million while BTC traded below $74,000. Separately, data cited from checkonchain.com shows 103,913.94 BTC (estimated at about $7.6B) has left dormant addresses aged five to 15 years in 2026.

Bitcoin traded around $73,200 on Thursday after failing to hold a rebound, with broader crypto selling keeping pressure on price. US spot Bitcoin ETFs logged $229 million of net outflows on May 28, stretching the negative streak to nine days and putting weekly outflows near $1.3 billion. Options and on-chain signals also point to fragile sentiment as BTC slipped below $73,000 and briefly neared $72,500.

Weekly charts captured on May 29, 2026 (10:39–10:42 UTC) show both gold and Bitcoin pulling back from cycle highs, with Parabolic SAR still sitting above price for each asset. Gold is shown at $4,541.89 versus a $5,598.13 peak, while Bitcoin is shown at $73,539 after topping at $126,296. The setup highlights weakening momentum in gold alongside early MACD improvement in Bitcoin, raising questions about whether capital may be rotating.

Bitcoin hovered around $73,500 after slipping back toward the $73,000 area following an unsuccessful push to hold $77,000. Key levels highlighted include support at $72,000 and $68,900, with resistance at $75,000 and $78,000, while a break below $68,900 is framed as a bearish shift toward $66,000 and $60,000.

U.S. spot Bitcoin ETFs recorded $1.42 billion in net outflows during the week of May 26, 2026, including a -$105.2 million session on May 26 as BTC closed at $76,901. The drawdown coincided with $897 million in long liquidations tied to U.S. airstrikes near the Strait of Hormuz reported on May 27–28, while IBIT (-$68.9 million) and FBTC (-$36.3 million) led the day's ETF redemptions.

CME Group is moving its regulated crypto futures and options to continuous trading, going live at 4 P.M. Central Time on CME Globex and CME ClearPort. The rollout lines up with about $6.25 billion in Bitcoin options expiring on Deribit and comes as BTC has slipped below $73,000 this week. Trading becomes 24/7, while clearing and settlement remain on a Monday-to-Friday schedule.

On May 29, Strategy transferred 411.48 BTC worth over $30 million to Coinbase Prime, prompting traders to speculate about the firm’s intent. Separately, Polymarket showed an 84% probability that Strategy will sell some Bitcoin before December 31, 2026. The move follows comments from Executive Chairman Michael Saylor suggesting BTC sales could be an option in certain scenarios, even as he posted “HODL” shortly before the transfer was highlighted.

On May 1, 2026, a pseudonymous plaintiff using the name Noah Doe sued in New York Supreme Court, seeking ownership of 39,069 allegedly dormant Bitcoin addresses said to hold about 3.79 million BTC. The claim leans on New York Personal Property Law Article 7-B (1958) and a process that included filing USB drives as "found property" with the NYPD and sending dust transactions carrying notices. Critics argue the case would not enable any coins to move because the plaintiff does not have the private keys, and some notices were sent to address formats that may not correspond to where the coins sit.