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Enflux observes that while “the bid is there,” there is a lack of significant buying activity; Glassnode data reflects a decrease in selling pressure amid subdued market conditions.

By Sam Reynolds|Edited by Omkar Godbole May 26, 2026, 4:06 a.m. 2 min readMake preferred on

Key Takeaways:

  • Bitcoin is trading within a narrow band around $76,500, with low trading activity as investors await a significant macroeconomic trigger.
  • Prediction markets indicate a strong likelihood that Bitcoin will remain above $74,000 and could finish the week above $76,000, suggesting expectations for stability rather than volatility.
  • Analysts believe Bitcoin’s muted response to recent macroeconomic events suggests either resilience or fatigue, as constrained supply and diminished ETF inflows make the upcoming U.S. inflation report a crucial factor for institutional interest.

Currently, Bitcoin BTC$76,726.33 is trading around $76,500, according to CoinDesk market data, maintaining a tight range as trading remains quiet following the recent U.S. holiday.

Traders on the prediction market platform Polymarket see a 60% chance that BTC will close the trading week above $76,000, while Enflux, a Singapore-based market maker, stated that the “bid is there,” but no significant orders are being placed.

A report from Glassnode highlights a similar trend: buying and selling pressures are becoming more balanced, yet decreased trading activity indicates a market that is cautiously awaiting the next macroeconomic catalyst.

Traders are not preparing for a dramatic downturn, but they also lack confidence in an imminent breakout.

According to Enflux, the current price range reflects more about Bitcoin's inactivity than its actions. Despite recent macroeconomic disturbances, such as Moody's downgrade of U.S. sovereign debt and Walmart's warning about geopolitical fuel costs affecting margins due to weaker consumer spending, BTC has shown minimal movement.

This subdued response may indicate resilience for some traders, while Enflux interprets it as a sign of exhaustion.

The key missing factor is new institutional demand.

After garnering $2.44 billion in April, U.S. spot Bitcoin ETF inflows have diminished, and exchange reserves are near historic lows at approximately 2.3 million BTC, suggesting that the supply situation remains favorable. However, tight supply alone won't drive prices up without active buyers entering the market.

The upcoming Personal Consumption Expenditures inflation report, which is the Federal Reserve's preferred measure of inflation, could significantly influence expectations regarding U.S. interest rates. If the report exceeds expectations, it could strengthen the narrative of sustained high rates, potentially boosting the dollar and Treasury yields while putting pressure on Bitcoin. Conversely, a lower-than-expected reading could revive hopes for more accommodative monetary policy, attracting institutional investors back into the cryptocurrency space.

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