Sell Bitcoin with $75,380 target as institutional demand dries up

Bitcoin is struggling near $76,650, unable to gain enough strength to break through the stubborn resistance wall—a ceiling that has repeatedly rejected buyers in recent sessions. What is holding it down? The answer lies in a persistent supply‑demand mismatch, with whales and exchange-traded funds (ETFs) locking in profits amid a noticeable thaw in geopolitical tensions. 

One of the loudest warning signals comes from the growing flood of Bitcoin into Binance. Over the past ten days, its reserves have swelled by more than 16,000 BTC, and deposit activity has almost tripled. For market observers, this move is widely seen as large players gearing up for profit‑taking—never a good sign for bulls.  

The bearish pressure does not stop there. US spot ETFs have lost over $1.74 billion in just two weeks, with entities linked to BlackRock alone offloading roughly $1.01 billion worth of Bitcoin. What makes this particularly concerning is that such a heavy sell‑off has arrived just as new money stopped flowing into the market. 

To make matters worse, Strategy has hit the pause button on its once‑aggressive buying spree. As a result, this sudden halt has shaken confidence in the previously steady stream of institutional demand—a pillar that many had come to rely on. 

So, where does this leave us? Liquidity is drying up, selling pressure is mounting by the day, and retail traders are still sitting on bloated long positions. Put simply, it's a powder keg waiting for a spark.

From a technical perspective, Bitcoin is in a correction and consolidation phase. Bollinger Bands are sloping downward, reinforcing the bearish grip. The price is stuck below the midline, hugging the lower band—a textbook picture of seller dominance. Although the Chaikin Oscillator stays in positive territory, its steady decline tells a quieter truth: capital inflows are weakening, and genuine accumulation is nowhere to be found, despite occasional flickers of recovery.

If you are looking to get in, here is the trading plan:

Sell the BTCUSD pair near $77,000. Lock in profits at $75,380. Place Stop loss at $78,280.

This forecast is valid from May 26 till June 2, 2026.