The Correction of May

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4 Jun 2026

Fear for Retail, Opportunity for Whales

May — A Crucial Month in Bitcoin History

May is one of the most important months in Bitcoin market history. This is the period when long-term spot traders usually invest and make significant profits. On the other hand, many small retail traders make the mistake of selling a safe and real asset like Bitcoin during this month. Interestingly, it is those sold Bitcoins that long-term spot holders accumulate to begin or strengthen their journey.
Sounds confusing? Let’s dive deeper into the discussion.

What is a Correction?

“Correction” is an extremely important term in the Bitcoin market. It is also commonly known as a market “downtrend.” However, this correction has two other famous names: Fear and The Perfect Entry.
Now the question is: for whom is it a “downtrend,” and for whom is it a “healthy correction” or “perfect entry”?
As we know, long-term spot holders — often referred to as “whales” — see corrections as healthy opportunities or perfect entries. Since they are spot holders, they do not fear short-term pump-and-dump movements. Instead, they buy using the DCA (Dollar Cost Averaging) method. In simple words, the lower the market goes, the cheaper they can buy Bitcoin.
And because Bitcoin’s value will never become zero — since it is considered digital gold — no matter how much the market drops, it eventually recovers and breaks its previous ATH (All-Time High).
[Why Bitcoin’s value will never become zero will be discussed in detail in another article.]
On the other hand, most retail traders are involved in futures and leverage trading. That is why they fear these short-term market fluctuations. Their positions often get liquidated, and to prevent their account balance from reaching zero, they panic-sell Bitcoin at a loss.
Surprisingly, most of these pump-and-dump movements are actually caused by whales themselves. There are other factors too, but since Bitcoin is decentralized, wars or global political issues do not permanently affect it. Instead, Bitcoin simply moves from weak hands (retail traders) to strong hands (whales).
In reality, these corrections are nothing more than a transfer from weak hands to strong hands.
Therefore, Bitcoin is not truly “going down.” Its market remains fundamentally upward and expansionary.
[If you want to understand how Bitcoin transfers from retail traders to whales during corrections, read my other article: “The Whales Mindset.”]
Bitcoin is so secure that even during times of war, it becomes one of the most reliable assets for transactions. Physical gold can be seized, controlled, or restricted, but digital gold — Bitcoin — cannot be controlled because it is decentralized.

Bitcoin Market in May

According to current on-chain data, Bitcoin’s price in May has shown the following movement:

First week: $78,552.21
Second week: $82,175.13
Third week: $77,486.65
Fourth week: $76,649

Additionally, the Fear & Greed Index is currently at 38, which falls into the “Fear” zone. This indicates that retail traders are preparing for panic selling.
At the same time, according to Whale Alert data, massive amounts of USDC and USDT are being transferred from whale wallets into exchanges. This suggests that retail traders have fallen into the whales’ trap and are panic-selling, while whales are preparing to buy Bitcoin cheaply and store it in their wallets.
Moreover:

Average Crypto RSI: 50.16
Personal RSI: 44.98

These indicators suggest the possibility of further short-term downside movement.
Meanwhile, the 200-week Moving Average stands around $61,371.95, acting as a strong support level.
Famous analyst Michael Saylor claims that Bitcoin is likely bottoming around the $60K zone, from where it may start rising again. He also stated that the amount of money entering through ETFs is continuously absorbing Bitcoin supply.
In other words, according to him, the $60K region could become a strong support zone, from which Bitcoin may eventually break into a new ATH.
Researchers at Bernstein also believe that Bitcoin may find strong support near the $60K level before beginning another recovery.
Their arguments are:

Large institutions are buying Bitcoin around the $60K zone.
This is not a full bear market, but rather a bullish correction.
Since RSI has not yet entered the overbought zone above 70, the market still has room for upward movement.
Once the correction ends, Bitcoin may retest its ATH again.

So, What Did We Learn?

Personal RSI around 44, Average Crypto RSI around 50, the 200-week Moving Average near $60K, and analysts supporting the $60K support theory — all of these point toward one direction:

A Healthy Correction Before a New ATH Breakout.

The Fear & Greed Index shows that retail traders are panic-selling, while Whale Alert data suggests whales are injecting massive amounts of USDT and USDC into exchanges to prepare for buying.
At the same time, the Moving Average is acting as a powerful support zone. Currently, the 200 MA near $60K strongly supports analysts’ theory that Bitcoin could bounce from this region.
So there is no reason to panic.
If a trader remains patient in the spot market, long-term profit becomes highly probable.

My Personal Advice

I would strongly request retail traders — especially futures and leverage traders — to move toward the spot market.
Today, many people are trying to become rich quickly by betting on Bitcoin instead of actually owning Bitcoin itself.
But the reality is that the era of paper currency may not last forever.
When you trade futures or leverage, you are not buying real Bitcoin — you are only betting on its price while remaining dependent on paper money. This may provide short-term profits, but in the long run, it can cause major losses.
Secondly, gambling-like systems rarely make people truly wealthy. Instead, they often make people poorer.
Through advertisements and marketing, many platforms tempt traders into leverage trading, liquidate them, and then use that same money to accumulate real Bitcoin into their cold wallets — eventually becoming owners of massive wealth.
Meanwhile, retail traders invest their own hard-earned money yet fail to acquire the real and valuable asset itself: Bitcoin.
Bitcoin may become one of the most valuable assets in the future world.
Why it will become so valuable will be discussed in future articles.