Bitcoin Risks 10% Drop as May Closes Red Near $75K
Bitcoin trades near $75,000 on May 27 after stalling above $78,000 earlier in the month, with analysts warning of a historically bearish post-red-May decline averaging 10%. The market has oscillated since an April futures-driven rally from $66,000 to $79,000 that triggered CryptoQuant’s Bull Score drop to 40 and repeated correction alerts. Benjamin Cowen maintains an October 2026 bottom forecast while Taiki Maeda asserts the low already occurred near $60,000 on $7 billion in Strategy purchases. A May 18 plunge below $77,000 produced $180 million in liquidations, and altcoins HYPE and ZEC briefly outperformed as total crypto market cap reached $2.68 trillion.