Daily Candle Review – May 21, 2026 | BTC Score: 42 (Bearish Territory)

Original author：SignalStack

Original source：https://www.youtube.com/embed/yWOGnpCBfuk

Daily Candle Review – May 21, 2026 Candle Score: 42 (Bearish Territory) Bitcoin traded in a narrow band between $76,100 and $77,900 before settling near $77,300, posting a modest red candle on subdued volume. The session's highlight was Hyperliquid's HYPE token surging 16.5% to a record $59.30, driven by short liquidations and strong protocol fundamentals. Mark Cuban publicly disclosed selling most of his bitcoin, calling the hedge narrative "disappointing" — a headline that contrarian bulls may view as a capitulation signal. On-chain data showed long-term holders continuing aggressive accumulation, with supply reaching 16.3 million BTC, near the January 2024 all-time high. The derivatives market showed signs of life with futures volume up 15% and options traders favoring strangles ahead of a $6.25 billion May 29 expiry, though bitcoin's open interest remained trapped in a tight range for a seventh consecutive day. Iran peace deal headlines provided a brief risk-on impulse, while Nvidia's record earnings lifted crypto miners and the broader equity complex. Outlook: The May 29 options expiry ($6.25B) creates a gravitational pull toward the $75,000 max-pain level, which sits uncomfortably close to current prices. Long-term holder accumulation near record levels is a structurally bullish signal, but near-term price action remains hostage to macro headlines — particularly Iran peace negotiations and Treasury market dynamics. Watch for a breakout from the $76K–$78K range; options strangle positioning suggests traders expect one within the week. Subscribe for daily crypto market analysis: https://www.youtube.com/@signalstackcrypto Patreon (full data + alerts): https://www.patreon.com/SignalStack