Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support.
Large outflows continued to hit Bitcoin (BTC) and Ethereum (ETH) over the past several hours, while capital rotated heavily into stablecoins—especially Tether (USDT)—and selectively into a handful of altcoins such as XRP (XRP) and Zcash (ZEC), underscoring a defensive, risk-managed posture across the crypto market. Data compiled by Cryptometer as of May 18 at 02:55 a.m.
Bitcoin (BTC) extended its pullback around the $77,000 level on Sunday after a brief rebound attempt faded, signaling that traders remain cautious as liquidity thins and sentiment slips further into 'fear'. As of 02:25 UTC on May 18, Bitcoin was trading at $77,021, down 1.03% over the prior day, according to the data in the report.
Some analysts argue that a comparatively broadened, institutionalized buyer base for crypto today may prevent a repeat of the drawdowns seen in May 2018 and May 2022.
Bitcoin (BTC) slipped below the $77,000 level during Monday trading in Asia as rising U.S. Treasury yields and higher oil prices continued to weigh on risk assets. The leading cryptocurrency briefly traded near $77,005 before extending losses, reflecting growing investor caution across global financial markets.
Four BTC metrics point to dormant supply, exchange outflows, and exhausted selling activity.
Long-term holders are still sitting tight and exchange balances remain near six-year lows, Binance Research data shows, but underwater short-term holders leave BTC vulnerable to macro shocks.
Institutional Bitcoin (BTC) holdings have climbed to an estimated 4.16479 million BTC, underscoring how quickly 'long-term holders'—from listed companies to ETF issuers and governments—are absorbing a meaningful share of circulating supply. According to data compiled by BitcoinTreasuries as of May 18 (UTC), 345 institutions collectively hold 4,164,790 BTC.
Japans largest online brokerages, SBI Securities and Rakuten Securities, are preparing to launch in-house Bitcoin and Ethereum investment trusts, marking a major step in the countrys growing digital asset market. The move could dramatically change how Japanese retail investors access cryptocurrency by offering exposure through traditional brokerage accounts instead of crypto exchanges.
IREN ($IREN), formerly known as Iris Energy, is accelerating a strategic pivot away from Bitcoin (BTC) mining as it seeks to reposition itself as an AI cloud and high-performance computing (HPC) infrastructure provider—a shift that underscores how compute demand and power access are becoming the new battlegrounds for energy-intensive digital businesses. The company said it expects its ongoing build-out to support roughly $3.7 billion in annualized AI cloud revenue once key projects are completed.
Bitcoin long-term holders are once again accumulating BTC, signaling renewed confidence among investors despite ongoing macroeconomic uncertainty. According to CryptoQuant analyst Darkfost, wallets categorized as long-term holders now control approximately 15.26 million BTC, the highest level recorded since August 2025.
Michael Saylor has once again fueled speculation of a new Bitcoin acquisition after posting the well-known orange-dot Bitcoin accumulation chart on May 17. The Strategy executive shared the chart with the caption Big Dot Energy, a phrase widely associated with the companys larger Bitcoin purchases.