Market Overview
Friday brought a synchronized pullback across crypto majors, with bitcoin retreating 2.1% to $75,988 and ether sliding 2.8% to $2,073.65. The selling was broad but contained: SOL gave back 2.7% on the day yet still finished the week up +9.2% ↑, and XRP's 2.3% session loss left it +1.7% ↑ on the week. The pattern is more consistent with profit-taking after a strong run than a sentiment shift — BTC remains +13.7% ↑ over the past 30 days.
Asset Price Analysis
Bitcoin failed to defend the $77,000 handle into the close, settling at $75,988 after intraday selling pressure built through the U.S. session. The 24-hour move trims weekly performance to -0.6% ↓, but the 30-day picture remains constructive. Resistance now sits at the $77,000 level BTC lost on Friday; support clusters near the $74,500 zone that capped the prior week's lows.
Ether underperformed the complex with a 2.8% decline to $2,073.65, extending its weekly loss to -3.7% ↓. ETH has lagged BTC on both the 7-day and 30-day windows (BTC +13.7% vs ETH +3.7% over 30 days), a divergence that aligns with the persistent outflow concentration in ETHA detailed below.
Solana's session loss looks different in context. SOL closed at $85.01, down 2.7% on the day but up 9.2% on the week and +15.6% ↑ over 30 days — the strongest 30-day return in the majors basket. The Friday give-back is consistent with positioning rather than a momentum break. XRP held the $1.34 handle with a 2.3% session loss, preserving weekly and monthly gains.
Stablecoin Pulse
InflowScan data shows the dry-powder picture stayed constructive into Friday's close. USDC supply rose by +$643M ↑ to $76.9B, while USDT supply contracted by -$114M ↓ to $189.5B. Net stablecoin supply still expanded on the day — the kind of mix more often associated with positioning than capitulation, since aggregate sidelined capital is growing even as spot prices fall.
ETF Flows Context
Issuer reports for Friday's session have not yet settled. The most recent fully settled session is Thursday, May 21, which InflowScan data shows logged -$130.6M ↓ in net outflows across spot crypto ETFs. XRP coverage for that session was partial — 8 of 9 funds reported, with XRPK still settling — so the XRP aggregate should be read as preliminary.
Thursday's outflows were concentrated in BlackRock products. IBIT recorded the session's largest redemption, and ETHA accounted for the bulk of the ether-side selling:
- IBIT (BlackRock): -$103.6M ↓
- ETHA (BlackRock): -$38.0M ↓
- FETH (Fidelity): -$1.6M ↓
The inflow side was thin but notable for product mix:
The 30-day cumulative remains firmly positive at +$1.43B ↑ in net inflows, per InflowScan data, which frames Thursday's redemption day as a single-session reset within a still-constructive monthly tape. Friday's settled flow data publishes ahead of Monday's Pre-Market brief.
Outlook
Key levels into next week: BTC's $77,000 reclaim attempt and the $74,500 support shelf below; ETH's ability to defend $2,050 after the week's underperformance. SOL's 9.2% weekly gain into a 2.7% Friday give-back is the cleanest signal of profit-taking in the majors — watch whether the $83-85 zone holds as support or breaks.
Data points to watch: Friday's settled ETF flow tape, due in Monday's Pre-Market brief, will clarify whether IBIT redemptions continued into the price weakness or paused. USDT supply direction also bears tracking — a second day of contraction would weaken the dry-powder read.