Bitcoin and the stock market divergence intensifies, with the market closely watching the "Golden Cross" technical signal

BlockBeats News, May 27 — Bitcoin briefly dropped to around $75,500 during Tuesday's Asian session, showing a clear divergence from the continuously hitting new highs in global stock markets. Analysts are currently closely watching the upcoming "Golden Cross" technical pattern forming on the BTC chart, which is when the 50-day moving average crosses above the 200-day moving average. If BTC effectively breaks through key moving average resistance before the cross occurs, it could reopen the upside potential; otherwise, it may continue to fluctuate weakly.

Funds flow-wise, the US spot Bitcoin ETF has seen a net outflow of approximately $1.74 billion over the past two weeks, while retail leverage positions continue to increase. Market concerns suggest that if the trend further declines, it could trigger large-scale liquidations.

As for other major cryptocurrencies, XRP, ETH, and SOL all declined slightly, with ZEC dropping 9% in a single day; meanwhile, HYPE rose against the trend by 1.4%, with its market cap approaching that of Dogecoin. Analysts also pointed out that whether ETH can break through the key resistance at $2,400 will be an important signal in determining the next phase direction of the crypto market.