The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
Bitcoin plunged to a two?week low as global risk appetite deteriorated. The S&P 500 pulled back from record highs, and bond yields around the world are rising rapidly, leaving a non-yielding asset like crypto exposed. Market consensus is strengthening that the main driver of the BTC/USD drop is the change in the macroeconomic backdrop.
For a long time, investors in US stocks were less concerned about the state of the US economy, buoyed by blockbuster corporate profits. That could not last indefinitely: rising inflation fears are pushing Treasury yields higher and forcing the S&P 500 lower. In such conditions, Bitcoin feels out of place. For the first time since late January, crypto-focused spot ETFs registered weekly outflows of $1 billion.
Capital flows into Bitcoin ETFs
Pressure on BTC/USD has been reinforced by Congress passing the so?called Clarity Act, which will regulate digital asset trading. Banks managed to defend their position: crypto firms will be allowed to pay interest only to active users. That will help prevent deposits from flowing from creditors into the crypto sector.
At first glance, the BTC/USD problem looks like a shortfall of investment. In reality, the issue runs deeper. During the presidential campaign, Donald Trump promised to make the United States the world's crypto capital. Digital assets enjoyed growth supported by the White House and even hit record highs in autumn 2025. Nevertheless, serious legislative barriers have now emerged, driven primarily by banking lobby interests.
Investors doubt that the US will become a haven for crypto. Combined with a worsening macro backdrop and capital outflows from specialized ETFs, this is prompting profit-taking on BTC/USD long positions. According to Coinglass, at the start of the European session on May 18, bullish Bitcoin positions totaling $590 million were liquidated. The fall in Bitcoin prices also hit other crypto assets, Ethereum and Solana.
Speculative positioning in Bitcoin
Thus, doubts about support for digital assets not only from the White House but also from Congress, together with a deteriorating external macroeconomic environment, are forcing BTC/USD lower. Markets are seeing a weakening of global risk appetite amid concerns that high oil prices will boost inflation and trigger broad monetary tightening by the Fed and other central banks.
Technically, on the daily chart, BTC/USD has played out a previously identified 1-2-3 reversal pattern. It makes sense to add to short positions opened from $80,650 if Bitcoin fails to recover above $77,500 in the near term.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
