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Bitcoin hovers near $73K amid signs of prolonged bear market and weakening demand

Market News
30 May 2026
Zycrypto
View Source
Bearish
pluang ai news

Bitcoin traded flat around $73,000 after dropping to its lowest since April amid geopolitical tensions. Analysts warn the market remains in a bearish phase with declining whale activity and weakening demand, suggesting the bear cycle could last into early 2027. On-chain data shows reduced accumulation by large holders and lower spot market activity, indicating cautious investor sentiment. The market's fragile state reflects ongoing risk aversion and uncertainty, with no clear signs of a trend reversal yet.

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