Bitcoin loses 100 and 50-day EMA

Bitcoin traded around $75,300 on Saturday, May 23, after slipping below chart levels that many crypto traders track for short-term trend signals. Market data reviewed Saturday showed bitcoin below its 100-day exponential moving average and near or below its 50-day trend line, depending on the provider and calculation method. The move prompted a fresh round of bearish commentary on X, where traders tied the price action to a broader risk-off tone and to new U.S. Treasury data on foreign official flows. The Treasury figures themselves did not mention bitcoin, but they were cited in social-media threads arguing that some countries were reducing exposure to U.S. government debt. ### Which bitcoin levels did traders say were broken? Bitcoin was quoted at $75,303.8 on Investing.com early Saturday, with the site showing a 24-hour decline of 2.70%. CoinLore’s technical page showed bitcoin below its 20-day, 50-day and 100-day exponential moving averages on Saturday, listing the 50-day EMA at $76,699 and the 100-day EMA at $76,855. That reading supported the claim circulating on X that bitcoin had lost both the 50-day and 100-day EMA. Barchart, which publishes moving-average data using a different methodology, showed bitcoin’s 50-day moving average at $74,698.39 and its 100-day moving average at $76,271.18. (investing.com) That left bitcoin below the 100-day average but still above the 50-day average on that dataset, underscoring that “lost the 50-day” can vary by chart source and by whether traders mean an EMA or a simple moving average. (coinlore.com) ### Did the chart move amount to a “bearish cross”? Crypto commentators on Saturday described the setup as bearish because price had fallen under both averages, not because the 50-day EMA had crossed below the 100-day EMA in the classic moving-average sense. CoinLore’s page listed the 50-day EMA at $76,699 and the 100-day EMA at $76,855, which means the shorter average was already slightly below the longer one on that source. (barchart.com) That is consistent with a weak short-term trend reading, though the label “bearish cross” was a trader description rather than language used by the data providers. ### What did the Treasury data show on China and other foreign holders? (coinlore.com) The U.S. Treasury said on May 18 that total foreign holdings of Treasury securities fell to $9.3487 trillion in March from $9.4871 trillion in February. The department also said foreign official institutions were net sellers of long-term U.S. securities in March. Treasury’s Table 5 showed China, Mainland held $652.3 billion of Treasuries in March, down from $693.3 billion in February. (coinlore.com) That was a decline of about $41 billion, matching the figure cited in the X thread. Turkey was not listed separately in the Treasury’s major foreign holders table reviewed Saturday, so the social-media claim that Turkey “liquidated 89%” of its holdings could not be verified from the public major-holders release alone. (home.treasury.gov) The official table names the largest holders and groups smaller positions outside that list. (ticdata.treasury.gov) ### Are traders linking two separate stories? The X posts reviewed Saturday combined two facts: bitcoin had weakened on technical charts, and March foreign Treasury holdings had declined. The Treasury release did not draw any connection between those flows and crypto markets, and no official U.S. data reviewed Saturday said foreign sales of Treasuries were being redirected into bitcoin or gold. (ticdata.treasury.gov) That link remains a market narrative advanced by commentators rather than a conclusion stated in the government data. ### What comes next for the Treasury data and bitcoin watchers? (ticdata.treasury.gov) The U.S. Treasury said its next Treasury International Capital release, covering April 2026 data, is scheduled for June 18, 2026. That report will be the next official checkpoint for whether March’s drop in foreign holdings continued. Bitcoin traders, meanwhile, will be watching whether the token reclaims the roughly $76,700 to $76,900 area cited by CoinLore for the 50-day and 100-day EMAs, or extends below the mid-$75,000 range shown in Saturday market data. (home.treasury.gov) (investing.com)