Bitcoin’s on-chain participation has cooled over the past two weeks, with active addresses dropping from about 821,000 to 494,000, a 39.8% decline. The pullback comes as BTC continues to consolidate below $80,000, while spot price was $77,363 at press time after a roughly 0.5% 24-hour gain.

Economist and market analyst Henrik Zeberg said Bitcoin could stage a temporary rebound but still be setting up for a steep downturn, framing the move as a "B-wave" bounce inside a larger bearish structure. In a May 25 X post, he argued sentiment may flip strongly bullish during the rally before a sharp reversal, while pointing to downside areas such as $41,492 after a retrace toward the 0.618 Fibonacci level near $66,426.

Between May 18 and May 22, investors withdrew a combined $1.197 billion from BlackRock's spot Bitcoin and Ethereum ETFs as crypto markets stayed volatile. iShares Bitcoin Trust (IBIT) accounted for about $1.008 billion of the outflows, while the firm's Ethereum ETF (ETHA) recorded $189.3 million. The largest single-day redemption was $448.4 million from IBIT on May 18.

The Bitcoin Rainbow Chart outlines a wide BTC range for June 1, 2026, spanning roughly $59,186 to $491,731 across its sentiment bands. With Bitcoin trading near $77,000, the model places it in the "BUY!" zone, and the nearest band-based level for that date is about $79,670 if the valuation band holds.

Prediction market positioning for June 1, 2026 suggests XRP may stay pressured, with the most favored outcome clustering around lower price levels. At press time, XRP traded at $1.36, up more than 2% over 24 hours but down over 4% on the week. On Polymarket, $1.20 led the listed targets with a 12% implied probability, while odds above $2 were mostly below 1%.

Polymarket said a security incident on May 22 led to roughly $520,000–$700,000 in crypto being siphoned from an internal operations wallet, while user funds and core smart contracts were not affected. The activity was flagged after large outflows on Polygon (POL), with reports of about 5,000 POL withdrawn every 30 seconds from addresses tied to its UMA CTF Adapter. The team said it rotated keys and later recovered about $164,000 while trading and market resolutions continued normally.

XRP is seeing softer large-holder activity after on-chain figures showed high-value transfers shrinking over a nine-day period. The token traded near $1.30 as $1 million-plus transactions fell from 157 to 67, while price action stayed weak and key moving averages remained overhead.

XRP Ledger is stepping up preparations for potential quantum-computing risks by partnering with post-quantum cryptography and cybersecurity firm Project Eleven. On May 19, Project Eleven said the collaboration will audit XRPL's validator, wallet, custody, and networking stack and work on hybrid signatures plus a quantum-secure custody wallet prototype.

Prediction-market odds show Bitcoin (BTC) narrowly leading XRP in expectations for the highest returns in 2026, with BTC at about 27% versus XRP at 26%. Bitcoin was priced at $76,891 at the time of reporting (down more than 12% year-to-date), while XRP stood at $1.37 (down more than 25% year-to-date). The same market also ranks Chainlink and Dogecoin ahead on positive-return expectations, at 33% and 32% respectively.