U.S. stocks have risen for nine consecutive weeks, and crypto ETFs have run up 2 billion dollars. Looking back on the last day of May, two different worlds under the same macro environment.

BTC started at 74k and returned to 74k, the price unchanged, but the flow of money has shifted. The combined ETFs of BTC and ETH saw outflows of over 2 billion USD in May. During the same period, the S&P 500 rose from 7400 to 7580. Institutions are selling coins to buy stocks, and this is the most honest report card for May.
ETH fluctuates around 2000, SOL around 80. The term "altcoin season" is no longer used.
Next week, three things to watch: whether ETF outflows have narrowed—if they stop, institutions might have finished withdrawing, and the short-term bottom could be near. How the FOMC will sound in June—interest rate stories are currently the only variable capable of shaking the crypto market. Can BTC hold above 73k? If this level breaks, the next support is below 70k.
Honestly, what the market currently lacks is not technical support levels but narratives. No new stories, no new money.
Next week, the market is waiting for a reason. It could be a dovish FOMC, a turning point in ETFs, or just waiting quietly. The hardest part isn’t losing money, but not knowing whether to wait.
And I will keep holding my short position until a major crash occurs.