VanEck’s Matthew Sigel said Bitcoin reaching $1 million is now the firm’s base case over the next several years. Spot Bitcoin ETFs pulled in $2.44 billion in April 2026, while CryptoQuant sees $93,000 as the next major level.
Ethereum cleared $2,385 resistance, eyeing $2,721 and $2,900. But $2,400 caps upside; CME gap and on-chain data send mixed signals. Key support at $2,285.
CME Group will trade Bitcoin futures and options around the clock starting May 29, closing the well-known weekend gap pattern. Three old gaps near $80,000, $78,500, and below $70,000 remain unfilled.
Bitcoin opened the week below $74,400, while CME Bitcoin futures left a new gap between $74,900 and $77,500. Analysts say short-term momentum remains weak unless BTC retakes nearby resistance.
Bitcoin briefly topped $80,000 for the first time since late January before quickly reversing. QCP analysts say BTC needs to close the CME gap between $82,000 and $83,000 to stabilize, with U.S. jobs data and crypto earnings on tap this week.
An attack on an oil facility in the UAE pushed crude prices sharply higher and added pressure across global markets. Bitcoin traders are now focused on the $84,000 CME futures gap, while onchain data points to short-term holder cost basis as a key level.
Bitcoin stayed above $80,000 while crypto liquidations exceeded $400 million in 24 hours. CME open interest remains concentrated at $78,000, $80,300, and $84,000, with traders also watching oil, US-Iran tensions, inflation data, and Fed rate expectations.
Bitcoin fell 3.7% to an intraday low of $65,226 in Asian trading, with over $121 million in long liquidations. Traders are watching Iran-related mining risks, oil-driven inflation fears, and a CME gap near $65,880.
