- The 30-day average income for bitcoin futures contracts remained in a negative direction for 67 days in a row, the longest negative streak seen in almost 10 years.
- Brent crude rose above $103 following the renewed conflict near the Strait of Hormuz, which brought risks to the crypto economy.
- The 20-day exponential moving average acts as a strong support for BTC’s recent recovery.
Pioneering cryptocurrency Bitcoin (BTC) bounced back from its weekly high of $82,833 amid uncertainty surrounding the Middle East war. The pullback began to intensify as BTC futures entered its 67th straight day of negative currency prices – a move that reflects traders’ certainty of a long-term correction in its price. However, history shows this establishment is setting the stage for a market recovery. Here are the key stages to watch for Bitcoin price in May 2026.
Why Did Bitcoin Price Come Back From the $83,000 Barrier
Bitcoin price rose 0.18% on Saturday to trade at $80,344. The deepening development follows tensions that are escalating as the US attacks Iran’s nuclear arsenal, following threats by American destroyers in the Strait of Hormuz.
President Donald Trump called the decision “a romantic gesture” in an interview with ABC, adding that ending the war with Iran it is still in place but tougher action is possible if Tehran rejects the deal. The move led to price volatility in the oil market as the benchmark index Brent Crude rose 2.9% to around $103 a barrel.
As a result, the broader crypto market saw a rapid pullback, dragging BTC to the $80,000 level.
What Are Precious Metals, and Why Are They Needed Now?
Perpetual futures contracts are those that cannot expire, and they track the price of Bitcoin, in which the exchange uses a payment method called currency, to ensure that the price of the regular market remains stable. When most traders are bullish and long positions dominate, long-term holders pay fewer sellers. The opposite is when bearish sentiment gets the upper hand and shorts carry – shorts pay off in the long run.
If the stock price is negative, it indicates an imbalance in the market, favoring sellers in the market. Short sellers are constantly paying, increasing the price to keep their position.
According to K33 Research, Bitcoin futures have been negative for 67 days straight, marking their longest streak in a decade. Such a long period shows the determination of small investors to pay more for long-term holders and to maintain their opinion against Bitcoin even during the recovery.
“I care about this administration for one simple reason: time,” said Vetle LundeChief researcher at K33. “The short-term investment funds have a proven track record that you should buy with confidence.”
History Says Bitcoin Often Parties After Adding Negative Coins
When K33’s data is compared with on-chain analytics providers such as Glassnode and CoinGlass, it shows the regularity of bad coins.
The COVID Crash Bottom occurred in March 2020: Global markets stalled and Bitcoin lost control and fell to $3,800. Traders began to bet again on the decline in prices, which made currency rates even worse. Instead, a bottom was formed and Bitcoin entered a record high that saw it surpass $60,000 within a year.
June – August 2021 – China Mining Ban: The future of Bitcoin was suddenly placed under a cloud of fear following Beijing’s sudden ban on crypto mining. The price then fell back to $30,000 and the currency’s 49-day bearish streak. The market calmed down, the shorts began to disappear and Bitcoin re-established its all-time high at the end of that year.
November 2022 – Fall of FTX: FTX, one of the world’s largest crypto exchanges, has collapsed, leaving the crypto industry in turmoil. The currency turned negative and the exposure increased to the short side as traders took excessive bets and the price of Bitcoin stabilized around $15,500. It reached $23,000 when the short side reached the end of January 2023.
2023 – Silicon Valley Bank Crisis: Bad money was associated with a brief fall in the price of Bitcoin to below $20,000 during the banking crisis. Bad money was associated with a short fall in the price of Bitcoin to below $20,000 during the banking crisis. Within a few weeks, recovery took place.
In both cases, the theme is the same: short sellers have been piling up for a long time and it goes wrong – and when they start to cover the squeeze makes the rally bigger.
A Short Bend at the Bottom of the Top
The current situation is very complicated, mainly due to the structure of the open interest. On the major exchanges, open interest is also rising but funds continue to remain in negative territory, with new short sales being made rather than easing. The combination of open interest and non-cash funds is a long-term setup: Oil is increasing in the short term, waiting for the catalyst to turn it off.
This week, FxPro’s top market expert Alex Kuptsikevich emphasized that Bitcoin rose to $82.8K on Wednesday and failed to break the 200-day moving average, is not “a sign of buyer fatigue,” and a few experts say that $83,200 as a technical entry point that if the breach could cause the forced low cover and rise to $93,000.
K33 also reported that the activity of Bitcoin on the Chicago Mercantile Exchange (CME) has been quiet even though the cryptocurrency has regained its ground, since all the positions of the institutions are far from 2024 and 2025. Participation is resuming, but with some doubts.
Bitcoin Price at Crossroads as Channel Breakout May Fail
In the last week, a The price of Bitcoin showed a notable rally from $74,912 to a weekly high of $82,833. During this recovery, investors found a definite risk from the daily chart’s bullish trend.
Although the explosion was expected to promote strong growth, global tensions pushed Bitcoin down. BTC0.74% inside the channel and resell at $80,388. This may be the time to reassess the price of Bitcoin to retest the breakout channel and strengthen its position for further recovery.
A post-closing rally could challenge the long-term resistance at $84,330, followed by a jump to $98,000.
In fact, if the sellers continue to protect the resistance of the channel at the $ 81,300 mark, the price of Bitcoin may witness a new selling pressure and a retest of $ 73,500.
