Key Highlights
- Crypto liquidations dropped 69% to $255.82 million, signaling that forced selling is easing after Monday’s $814 million wipeout.
- Bitcoin and Ethereum ETFs saw heavy institutional outflows, losing $648.64 million and $86.31 million respectively on May 18.
- Bitcoin is holding the $75,000–$76,000 support zone, but needs a close above $78,606 to show recovery momentum.
Crypto market today
After a large sell-off on Monday that resulted in $814 million in liquidations, the cryptocurrency market found some stability on Tuesday, May 19th. Bitcoin remained around $76,327, virtually unchanged from Monday’s closing price. Overall, the market showed signs of settling down instead of continuing to fall. Trading volume decreased to $85.02 billion, down from the panicked $91.3 billion seen the previous day, and the Fear & Greed Index rose slightly to 39, indicating a level of ‘Fear’.
According to CoinMarketCap, the total value of all cryptocurrencies is $2.55 trillion. Bitcoin makes up 60.1% of this value, followed by Ethereum at 10.0%, with other cryptocurrencies accounting for the remaining 30.0%. While the Altcoin Season Index has improved a bit to 34 out of 100, it’s still largely a Bitcoin-focused market. The CMC 20 Index, which tracks the performance of the top 20 cryptocurrencies, currently stands at $154.25.
| Market snapshot | Price | 24h |
| Total crypto market cap | $2.55T | f |
| 24h volume | $85.02B | Lower than Monday’s $91.3B |
| Bitcoin | $76,326.88 | -0.5% |
| Ethereum | $2,102.14 | -0.8% |
| BNB | $637.37 | 0.0% |
| XRP | $1.37 | -1.1% |
| Solana | $84.12 | -0.2% |
| TRX | $0.3549 | -0.7% |
| DOGE | $0.1033 | -1.2% |
| Figure Heloc | $1.04 | +2.1% |
| BTC dominance | 60.1% | — |
| ETH dominance | 10.0% | — |
| Fear & Greed Index | 39 (Fear) | Up from 37 Monday |
| Altcoin Season Index | 34/100 | Up from 30 Monday |
| CMC 20 Index | $154.25 | — |
The latest market data shows that losses are decreasing. All major cryptocurrencies experienced declines of less than 1.5% over the past 24 hours, a significant improvement from the 2–5% drops seen on Monday. Trading volume also decreased by 7%, falling from $91.3 billion to $85 billion, suggesting a move away from panicked selling towards more careful trading. BNB held steady, and TRX is the only coin in the top ten that has gained value over the past week (up 1.7%), likely due to TRON’s strength in stablecoins.
Bitcoin price today
Bitcoin is currently trading around $76,327, only slightly down 0.5% over the past 24 hours, following a larger drop on Monday. Its total market value is $1.53 trillion, with $37.1 billion worth of Bitcoin traded in the last day. Trading volume has decreased by 5.5% since Monday, suggesting that the recent selling may be slowing down.
Bitcoin’s price dropped 5.2% over the past week, which is a significant decrease, but less severe than the declines seen in Ethereum (-7.5%) and Solana (-11.3%). This suggests investors are seeing Bitcoin as a safer option within the cryptocurrency market during this period of selling. Last week saw $1.039 billion leave Bitcoin ETFs, and that trend continued on Monday with another $648.64 million in outflows, leading to questions about whether this pattern will continue on Tuesday.
| Bitcoin level | Price zone | Market signal |
| Immediate support | $75,000–$76,000 | Holding after Monday’s test |
| Next support | $73,911 | 0.5 Fibonacci retracement |
| Critical support | $71,813 | 0.618 Fibonacci; near April 12 low |
| First resistance | $78,606 | 0.236 Fib; daily close above neutralizes slide |
| 200-day EMA | $83,513 | Major overhead |
Bitcoin has successfully bounced back from around $75,000 twice now, even with recent selling pressure. If the price closes above $78,606, it could signal that the recent price drop is ending. However, if the price falls below $75,000, the next key support levels to watch are $73,911 and $71,813, with a potential drop to around $70,740 – the low from April 12th.
Ethereum price today
As a researcher tracking the cryptocurrency market, I’ve observed that Ethereum is currently trading around $2,102.14. Over the past 24 hours, it’s experienced a slight dip of 0.8%, and a more noticeable 7.5% decrease over the week. CoinGecko data indicates a market capitalization of $254.1 billion with $16.4 billion in trading volume. Compared to other top-10 cryptocurrencies, Ethereum is currently the second-worst performer this week, trailing only Solana. Interestingly, our analysis of Deribit options data from last week revealed a significant amount of put options placed at the $2,100 price point, and we’re now seeing Ethereum directly test that level, making it a crucial price point to watch.
| Ethereum level | Price zone | Market signal |
| Immediate support | $2,050–$2,100 | Deribit put loading zone |
| Next support | $2,000 | Psychological breakdown level |
| First resistance | $2,150–$2,200 | Must reclaim to stabilize |
| Next resistance | $2,300 | Range breakout territory |
If the price of Ethereum falls below $2,050, it could quickly drop to $2,000 – a price level it hasn’t reached since March. For the price to go up, Ethereum needs to rise above $2,150–$2,200 before we can expect a sustained increase. Unlike Bitcoin, Ethereum faces a more difficult path to recovery, as its 200-day moving average is much higher.
Ethereum’s expected price swings, as measured by Volmex implied volatility (55.74%), are still higher than Bitcoin’s (41.79%), suggesting traders view Ethereum as the more volatile investment. Adding to recent concerns, two more people – Carl Beek and Julian Ma – have left the Ethereum Foundation, continuing a trend of departures that is negatively impacting market confidence in ETH.
ETF flow reading: BTC ETFs bleed $648M on Monday, ETH loses $86M
Data from SoSoValue on Monday showed continued large-scale selling of crypto ETFs by institutional investors, with a net outflow of $732.8 million.
Bitcoin spot ETFs (May 18)
| Metric | Value |
| Daily total net inflow | -$648.64M |
| Cumulative total net inflow | $57.69B |
| Total net assets | $100.49B (6.52% of BTC market cap) |
| Total value traded | $3.14B |
| Fund | Ticker | May 18 flow | Net assets |
| BlackRock | IBIT | -$448.36M | $62.20B |
| Ark & 21Shares | ARKB | -$109.64M | $2.55B |
| Fidelity | FBTC | -$63.42M | $14.19B |
| Bitwise | BITB | -$9.16M | $2.88B |
| VanEck | HODL | -$7.59M | $1.28B |
| Invesco | BTCO | -$3.82M | $502.60M |
| Grayscale | GBTC | $0.00 | $11.43B |
BlackRock’s Bitcoin ETF saw a significant outflow yesterday, with $448.36 million leaving in a single day – the largest withdrawal this month. As a result, the total value of all Bitcoin ETFs has fallen below $101 billion, a level not seen since late April.
Ethereum spot ETFs (May 18)
| Metric | Value |
| Daily total net inflow | -$86.31M |
| Cumulative total net inflow | $11.75B |
| Total net assets | $12.20B (4.77% of ETH market cap) |
| Total value traded | $742.40M |
| Fund | Ticker | May 18 flow | Net assets |
| BlackRock | ETHA | -$55.40M | $6.48B |
| Fidelity | FETH | -$14.70M | $1.08B |
| Grayscale | ETH | -$10.08M | $1.92B |
| Grayscale | ETHE | -$3.96M | $1.71B |
| BlackRock | ETHB | -$2.17M | $601.13M |
BlackRock’s ETHA fund experienced $55.40 million in outflows today, accounting for 64% of all ETH outflows. While ETH ETFs have seen a total of $11.75 billion in inflows so far, their total net assets of $12.20 billion only represent 4.77% of Ethereum’s overall market value. This highlights that institutional investment in ETH is still considerably smaller than that of Bitcoin, which currently holds 6.52% of its market cap.
Altcoin ETFs (May 18) — the divergence continues
| Asset | Daily flow | Cumulative | Net assets |
| XRP | +$750.44K | $1.39B | $1.14B |
| SOL | +$2.06M | $1.12B | $957.12M |
| DOGE | +$860.96K | $11.78M | $14.69M |
The difference in performance between Bitcoin and Ethereum ETFs and those focused on other cryptocurrencies (altcoins) is becoming more noticeable. On Monday, Bitcoin and Ethereum ETFs experienced a combined outflow of $734.95 million, while ETFs tracking XRP, Solana, and Dogecoin saw a combined inflow of $3.67 million. This ongoing trend – money moving out of established Bitcoin and Ethereum ETFs and into altcoin ETFs – is the clearest signal we’ve seen in the ETF market so far this May.
Crypto stocks today: Miners crushed again, COIN bucks the trend
Cryptocurrency stocks continued to fall on Tuesday, dropping an average of 2.72% to reach a total market value of $1.964 trillion. Companies involved in crypto mining experienced the biggest declines for the third day in a row, but stocks related to stablecoins fared relatively better, according to data from SoSoValue.
| Stock | Price | Day change | Sector |
| IREN | $46.67 | -7.55% | Mining |
| Hut8 (HUT) | $89.245 | -7.23% | Mining |
| TeraWulf (WULF) | $20.10 | -4.92% | Mining |
| Robinhood (HOOD) | $74.09 | -3.97% | Exchange |
| Tesla (TSLA) | $396.68 | -3.26% | BTC Treasury |
| Bitmine (BMNR) | $18.445 | -1.52% | Mining |
| GameStop (GME) | $21.67 | -1.10% | BTC Treasury |
| Circle (CRCL) | $110.56 | -0.75% | Stablecoin |
| Strategy (MSTR) | $165.50 | -0.68% | BTC Treasury |
| Block (XYZ) | $70.50 | -0.18% | BTC Treasury |
| Coinbase (COIN) | $190.175 | +0.39% | BTC Treasury |
| PayPal (PYPL) | $44.665 | +0.62% | Stablecoin |
| Figma (FIG) | $24.83 | +1.93% | BTC Treasury |
Mining sector: -5.07%. BTC Treasury: -2.90%. Exchange: -1.94%. Stablecoin & Payment: +0.06%.
The mining sector experienced a significant drop of 5.07%, the largest decline of any industry group. Companies like IREN and Hut8 have both fallen over 20% from their peaks in May, likely due to the decreasing price of Bitcoin and increasing energy costs, with oil prices exceeding $112. MicroStrategy (MSTR) saw a smaller decrease of only 0.68%, indicating that recent selling pressure might be easing after a larger 7.95% drop last week.
Coinbase shares rose by 0.39%, going against the general market trend. This increase is likely due to reports that the SEC is developing a framework that would allow for the trading of tokenized stocks, which could be a significant benefit to Coinbase’s exchange platform.
Altcoins today: Ronin surges 34%, SOL worst weekly performer at -11.3%
On Tuesday, investors shifted money within the altcoin market, favoring gaming and infrastructure tokens. Meanwhile, major cryptocurrencies continued to lose value throughout the week. Solana experienced the biggest drop among the top 10, falling 11.3% in a week. Only TRX showed gains, increasing by 1.7% over the same period, according to CoinGecko data.
Top gainers (24H)
| Token | Price | 24h move | Volume |
| NEXST (NXT) | $0.2485 | +40.0% | $7.6M |
| Ronin (RON) | $0.1163 | +34.0% | $78.7M |
| Chia (XCH) | $3.47 | +32.0% | $5.1M |
| PlaysOut (PLAY) | $0.1242 | +26.4% | $7.0M |
| Corn (CORN) | $0.05508 | +25.6% | $5.4M |
Ronin is leading the way with $78.7 million in trading volume – it’s the only platform seeing significant activity. All other platforms – NEXST, Chia, PlaysOut, and Corn – have very low trading volume (under $10 million), meaning even small trades can cause big price swings.
Top losers (24H)
| Token | Price | 24h move | Volume |
| Billions Network (BILL) | $0.1206 | -24.3% | $115.6M |
| OriginTrail (TRAC) | $0.3668 | -20.7% | $31.7M |
| Apro (AT) | $0.1291 | -18.8% | $40.8M |
| River (RIVER) | $6.37 | -16.7% | $10.9M |
| Rosa Inu (ROSA) | $0.0003269 | -15.2% | $3.0M |
Stocks that performed poorly today tell a story of recent gains being cashed in. Billions Network (BILL) saw a significant drop of 24.3% with very high trading volume, indicating many investors were selling to realize profits. OriginTrail (TRAC) completely erased its gains from the previous day, and both Apro (-18.8%) and River (-16.7%) continued to fall in value after a period of initial excitement.
Major altcoin moves
Solana experienced the biggest drop among the top ten assets this week, losing 11.3% of its value. Ethereum also saw a decline, falling 7.5%. Only Tron (TRX) increased in value, rising 1.7%, likely because of TRON’s strong position in processing stablecoin transactions.
| Token | Price | 24h | 7d | Key signal |
| SOL | $84.12 | -0.2% | -11.3% | Worst 7d performer among top 10 |
| ETH | $2,102.14 | -0.8% | -7.5% | Second worst on the week |
| XRP | $1.37 | -1.1% | -5.8% | Continued fade |
| DOGE | $0.1033 | -1.2% | -5.5% | Below $0.11 for first time since April |
| BNB | $637.37 | 0.0% | -3.0% | Best 7d among majors |
| TRX | $0.3549 | -0.7% | +1.7% | Only top-10 coin green on the week |
Ronin saw a significant increase of 34% with $78.7 million in trading volume, likely due to money moving from DeFi and other blockchain platforms into GameFi projects. Meanwhile, OriginTrail (TRAC) experienced a sharp reversal, losing all of Monday’s 25.9% gains with a 20.7% drop, a typical pattern after a quick price increase.
Derivatives and liquidations
The derivatives market on Tuesday showed a strong sign of stabilizing after recent losses. Liquidations fell significantly – by 69%, from $814 million to $255.82 million. Trading activity became more balanced, with both buying and selling, and there was an increase in open interest, indicating new money is flowing into the market, according to CoinGlass data.
| Liquidation metric | 24h data | vs. Monday |
| Total liquidations | $255.82M | Down from $814.50M |
| Long liquidations | $175.27M (68.5%) | Down from $719.86M (88.4%) |
| Short liquidations | $80.55M (31.5%) | Up from $94.64M (11.6%) |
| Traders liquidated | 71,138 | Down from 123,091 |
| Largest single liquidation | $4.96M ETH-USDT on HTX | Down from $28.49M on Bitget |
Things improved significantly since Monday. Total liquidations dropped by 69%, and the proportion of long positions decreased from 88.4% to 68.5%. The number of traders getting liquidated was almost cut in half, and the largest single liquidation position decreased substantially from $28.49 million to $4.96 million. The shift away from mostly long positions is positive, indicating more balanced trading activity instead of just forced selling.
Looking at when liquidations happened, most of the selling actually occurred within a 12 to 24-hour period. The first few hours and even the first four hours were pretty stable, which suggests this wasn’t a sudden rush of new liquidations on Tuesday, but more of a continuation of selling that started Monday night.
| Timeframe | Total | Long | Short |
| 1h | $28.08M | $22.18M | $5.90M |
| 4h | $41.72M | $33.22M | $8.50M |
| 12h | $71.94M | $51.07M | $20.87M |
| 24h | $255.82M | $175.27M | $80.55M |
Liquidations by asset
| Asset | 24h liquidations | Market read |
| ETH | $79.03M | Still most liquidated, but down from $305.75M |
| BTC | $78.00M | Nearly equal to ETH; leverage rebalancing |
| HYPE | $7.45M | Third highest |
| SOL | $5.43M | Reflecting -11.3% weekly decline |
As I’ve been tracking the market, we’ve seen a significant shift in the long/short ratio, moving from 88/12 on Monday to 68.5/31.5 now. I interpret this as a positive sign, indicating that the period of forced selling is likely over and the market is starting to stabilize, allowing for more balanced buying and selling. Looking at CoinGlass data, the largest wave of liquidations happened around 11:30 PM on May 18th, coinciding with the opening of CME futures trading, and activity has been consistently decreasing since then.
Derivatives overview
| Metric | Value | Market read |
| Perpetuals open interest | $552.84B | Up from $484.03B last week |
| Futures open interest | $2.89B | Stable |
| BTC implied volatility (Volmex) | 41.79 | Down from 43.56 — calming |
| ETH implied volatility (Volmex) | 55.74 | Down from 57.58 — still elevated |
As a crypto investor, I’m really encouraged by what I’m seeing in the derivatives market right now. Open interest is up to $552.84 billion, but liquidations are actually *down*. That tells me new money is flowing in, not just traders closing out old bets. Honestly, it’s the first genuinely positive signal we’ve had in derivatives for over a week, and that’s a big relief.
Sentiment
Early signs suggest that market sentiment is starting to stabilize, although overall, investors are still feeling fearful. While the Fear & Greed Index has only slightly improved, rising from 37 to 39, a notable increase in the Altcoin Season Index – from 30 to 34 – indicates that the recent selling pressure on altcoins relative to Bitcoin may be easing.
| Sentiment metric | Latest reading | Market read |
| Fear & Greed Index | 39 (Fear) | Up from 37 Monday, still down from 69 ten days ago |
| Altcoin Season Index | 34/100 | Recovering from 30; still Bitcoin Season |
| CMC 20 Index | $154.25 | Stabilizing |
| Crypto ETF net flow (May 18) | -$732.8M | Second worst day of the month |
| Rate hike odds (Dec 2026) | ~44% (CME) | Unchanged |
| Brent crude | >$112/barrel | Geopolitical premium intact |
The key takeaway is the movement of money into and out of Bitcoin ETFs. On May 18th, there was a net outflow of $732.8 million, making it the second-worst day of the month, surpassed only by the $635 million in Bitcoin outflows on May 13th. Until we see positive daily flows, the strong institutional buying that drove the $1.97 billion inflow in April has disappeared.
Macro setup
A lot is happening this week that could significantly impact markets. NVIDIA’s earnings report tomorrow will likely give us a first indication of how investors are feeling about risk, and the SEC is expected to announce a plan for tokenized stocks. This news comes at a time when global political issues are already adding to market uncertainty.
| Macro factor | Status | Crypto impact |
| NVIDIA earnings | Tomorrow (May 20) | Revenue expected $78.8B (+80% YoY); key catalyst |
| SEC tokenized stocks | “Innovation exemption” framework expected this week | Could benefit COIN, tokenization tokens |
| FOMC minutes | This week | Warsh-era policy clues |
| Brent crude | >$112/barrel | Energy-driven inflation persistent |
| U.S.-Iran tensions | Elevated; military options under review | Oil premium intact |
| 30-year yield | 5.114% (12-month high) | Tightest financial conditions of 2026 |
| PYTH token unlock | May 19–20; 2.13B tokens (21.3% of supply) | Potential supply pressure |
| Aave | Restored ETH borrowing limits | DeFi normalization |
| ETH Foundation | Two more departures (Carl Beek, Julian Ma) | Continued personnel headwind |
As a crypto investor, I’m really focused on NVIDIA’s earnings report this week – it feels like the biggest thing happening right now. Historically, when NVIDIA does well, Bitcoin tends to go up. For example, their strong results back in February helped push BTC from around $63,000 to nearly $70,000, and a good report last November led to a move from $89,000 to $93,000. One thing to watch out for is the PYTH token unlock – a big release of tokens happening over the next couple of days that could temporarily push down the price of oracle-related coins.
Key levels to watch
The table below shows key support and resistance levels for the four assets we’re closely monitoring. Currently, all of these assets are trading within established ranges, and there are no strong signals of an imminent breakout. However, if global political tensions increase, prices could fall to the breakdown levels, creating potential risks.
| Asset | Support | Resistance | Breakout level | Breakdown level |
| BTC | $75,000 / $73,911 | $78,606 / $83,513 | $83,500 | $71,813 |
| ETH | $2,050 / $2,000 | $2,150 / $2,300 | $2,340 | $2,000 |
| SOL | $80 / $78 | $86 / $91 | $95 | $78 |
| XRP | $1.35 / $1.27 | $1.43 / $1.50 | $1.55 | $1.27 |
Bitcoin is currently trading between roughly $75,000 (support) and $78,606 (resistance). For Solana, the key level to watch is $78. If Solana closes the week below $78, it would represent its largest price drop since the correction following its all-time high in late 2025.
Market outlook
The market showed positive signs on Tuesday, marking the first encouraging session in a week. While prices didn’t increase, the underlying market dynamics improved. Liquidations decreased significantly, dropping 69% from $814 million to $256 million, and the balance between long and short positions became more typical, shifting from 88/12 to 68.5/31.5. An increase in open interest to $552.84 billion suggests new money is flowing into the market. Volatility is decreasing, and the Fear & Greed index moved up slightly from 37 to 39. Trading volume also returned to normal levels after a period of high activity. These changes indicate the market may be moving away from forced selling and towards a phase where prices are determined by actual supply and demand.
This week’s major economic events are happening early, with NVIDIA’s earnings report tomorrow being the biggest. NVIDIA is expected to announce $78.8 billion in revenue, an 80% increase from last year, and historically, Bitcoin has tended to rise when NVIDIA performs well. We may also see news this week about the SEC’s plans for tokenized stocks, which would likely be positive for Coinbase and the broader trend of tokenization. However, there are still challenges: Monday saw $648 million leave Bitcoin ETFs and $86 million leave Ethereum ETFs, oil prices are high (over $112), and long-term interest rates are also up at 5.114%.
Right now, the difference in performance between various crypto ETFs is sending a strong signal from institutional investors: Bitcoin and Ethereum are losing value, while XRP, Solana, and Dogecoin are steadily gaining. Unless this trend changes – or Bitcoin rises back above $78,606 – the market will likely continue to correct, finding a bottom but not fully recovering.
Read More
- USD TRY PREDICTION
- GBP USD PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- CNY JPY PREDICTION
- Gold Rate Forecast
- USD RUB PREDICTION
- PI PREDICTION. PI cryptocurrency
- USD CNY PREDICTION
- USD JPY PREDICTION
- USD ARS PREDICTION
2026-05-19 20:26