Bitcoin is having a rough start to the week. After sliding all weekend, BTC is now trading in the low $70,000s and pushing down toward the key $70,000 level. The mood is fearful. The Crypto Fear & Greed Index has dropped to 23, which means “Extreme Fear,” its lowest reading in weeks.
This follows a weak end to May. Bitcoin closed the month down about 4.4%, near $73,751, which was its third red month of 2026. That is unusual, because May is normally a strong month for crypto. Bitcoin is now down roughly 30% on the year.
The simple way to read it: buyers keep trying to push Bitcoin back up, but every bounce is being sold. The $70,000 line is the level to watch this week. If it holds, the market may steady. If it breaks, the next levels traders are talking about are $68,000 and below.
The biggest weight on Bitcoin right now is its own ETFs. US spot Bitcoin ETFs have now seen money leave for 10 days in a row, with about $2.97 billion pulled out since mid-May. That is the longest outflow
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