Bitcoin Momentum Report, May 2026

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more Bitcoin’s Recovery Continues To Deteriorate Bitcoin Momentum Report, May 2026 Ecoinometrics May 27 ∙ Preview   READ IN APP   Despite the relatively calm price action over the last seven days, Bitcoin’s situation continues to weaken underneath the surface. That’s casting increasing doubt on the recovery trend and raising the risk of another leg lower in the short term. Some of the recent macro developments are not helping either. Treasury yields are moving higher on the back of inflation, and Bitcoin’s own demand indicators continue to soften at the same time. None of this guarantees an immediate breakdown. But the overall setup is becoming harder to interpret as a market that is rebuilding momentum. So let’s go through the data and discuss what that means for positioning right now. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 34,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. Bitcoin’s Recovery Continues To Deteriorate The Takeaway... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

The Bitcoin Layer's TBL Pulse dashboard walkthrough with bonus to attendees

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Live TBL Pulse Webinar Next Tuesday The Bitcoin Layer's TBL Pulse dashboard walkthrough with bonus to attendees Nik Bhatia May 26 Dear Readers, Nik & Johan are hosting another live TBL Pulse walkthrough next Tuesday, June 2nd, at 2:00 PM EST. This webinar includes a special bonus to those who attend: During the call, we will hand out a one-page memo to all attendees discussing our most important charts from TBL Pulse and how we read their respective signals. Free for everyone to attend. Register Here This session will primarily focus on the bitcoin portion of our TBL Pulse dashboard, where both Nik and Johan will walk us through the latest Valuation & Trend research, which is the underlying framework for the State Quadrant chart: See you all there, Nik © 2026 Nik Bhatia 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

ETF Demand Reverses As Macro Risks Re-Emerge

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	Forwarded this email? Subscribe here for more Bitcoin’s Recovery Has Lost Momentum ETF Demand Reverses As Macro Risks Re-Emerge Ecoinometrics May 25 ∙ Preview   READ IN APP   Two weeks ago the picture looked quite encouraging. Bitcoin had recovered from its April lows. ETF inflows were improving. And for the first time in this bear market, Bitcoin was testing its 200-day moving average. That test failed. Since then Bitcoin hasn’t collapsed. In fact, the price is still holding up reasonably well. But underneath the surface, some of the indicators that were supporting the recovery are moving in the wrong direction. And that’s happening at a potentially awkward time. Investors are becoming increasingly concerned about inflation again as oil prices move higher and Treasury yields continue to rise. At the same time, the market is paying close attention to developments in the Middle East and what they could mean for the inflation outlook over the coming months. So before getting caught up in the headlines, let’s look at what the data is telling us about how the market structure has changed and what it means in terms of risk-to-reward balance for Bitcoin right now. Ecoinometrics delivers professional-grade crypto and macro analysis to help institutional investors and serious traders make data-driven decisions. Our team conducts rigorous quantitative research, developing proprietary metrics and institutional-quality visualizations that cut through the noise to reveal key market dynamics. Each newsletter provides clear, actionable insights backed by data, delivered in a concise format that respects your time - five minutes to absorb, but deep enough to inform your investment strategy. Join over 34,000 professional investors and fund managers: Upgrade to paid Ready? Let’s dig into the data. Bitcoin’s Recovery Has Lost Momentum The Takeaway... Continue reading this post for free in the Substack app Claim my free post Or upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 Ecoinometrics 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe