Here is the quick report on BTC market conditions on the evening of May 29, 2026.

Currently, BTC is fluctuating around $73,500, having briefly bottomed out at $72,582 last night before quickly rebounding, with clear signals of rejection of further decline.
Tonight, three core signals that must be closely watched:
1️⃣ ETF Outflows Show Signs of Exhaustion
U.S. Bitcoin spot ETF has experienced net outflows for nine consecutive days (totaling over $1.5 billion), but the latest data shows the outflow rate has significantly slowed.
Historically, such extreme outflows followed by reduced volume are often characteristic of a phase bottom.
Support around $73,000 is currently strong, with buying momentum gradually emerging.
2️⃣ Tonight’s Options Expiry
Max Pain = $75,000
Today is the monthly options expiry day in May, with the Max Pain price around $75,000.
Prices tend to move toward Max Pain before expiry, and after the U.S. stock market opens (21:30 UTC+8) tonight, there is potential for upward correction.
3️⃣ Macro Bullish Signals Gradually Hedge Geopolitical Risks
Regional conflicts still exist, but the market is showing signs of “bad news exhausted.”
Last week, the U.S. House of Representatives proposed the “2026 U.S. Reserve Modernization Act” (ARMA), which plans to lock government-held BTC for at least 20 years as strategic reserves — an important long-term macro bullish signal.
🧐 Weekend Short-term Trading Strategy:
Defense: 72,582 is the current key low point; as long as it does not effectively break below 73,000, bulls still have room to play.
Offense: If tonight/tomorrow can hold steady above 74,500, a rebound is highly likely over the weekend, $BTC with the first target at 75,000-76,000.