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[Analysts Debate Whether Bitcoin Is in a "May Sell-Off" Bear Market Pattern] On May 18, according to Cointelegraph, analysts are divided on whether Bitcoin will repeat a historic plunge in May. In May 2018, Bitcoin fell from nearly $10,000 to about $7,000, and in May 2022, it dropped from around $40,000 to $28,500, both occurring during bear market cycles in U.S. midterm election years. Analyst Merlijn Enkelaar stated that if history repeats itself, Bitcoin could fall to $33,000. Alphractal founder Joao Wedson said that if Bitcoin remains below $78,000, a new round of capitulation-style decline may occur. $BTC

[Yi Lihua: Patiently wait for bottom-fishing opportunities; the essence of investing and trading is to restrain greed and control panic] On May 18, Liquid Capital founder Yi Lihua posted on the X platform that we should patiently wait for bottom-fishing opportunities. The essence of investing and trading is to restrain greed and control panic. The upcoming period may be the most panic-stricken phase in the crypto space, with buying BTC at high levels facing the final round of major liquidation. The crypto industry is facing five major crises: young people are no longer interested, traditional funds are mainly focused on AI, crypto narratives are continuously being debunked, various celebrities come to the crypto space to make money and leave, and industry leaders show no innovation or building.

The new students' self-introductions are all so nervous.

Some AI projects in the Base ecosystem continue to surge, with GITLAWB and aeon reaching new highs against the trend On May 18, according to GMGN market information, despite a plunge in the crypto market early this morning, some small-cap AI projects in the Base ecosystem rose against the trend, including: GITLAWB reached a new market cap high, peaking at $40.2 million, currently at $34.77 million, with a 24-hour increase of 29.68%; aeon reached a new market cap high, peaking at $8.95 million, currently at $8.3 million, with a 24-hour increase of 70.45%; MiroShark reached a new market cap high, currently at $3.39 million, with a 24-hour increase of 86.06%; BlockBeats reminds users that the above small-cap projects still carry significant uncertainty and high price volatility, so users should invest cautiously.

A whale has sold WBTC worth $35.73 million in the past 3 days, with over $100 million in ETH and WBTC still on-chain. On May 18, address 0xB4d…B186a sold WBTC worth $15.46 million again, totaling $35.73 million in tokens sold over the past three days. This address frequently interacts with the block builder Titan builder, and currently still holds $125 million in assets on-chain, 95% of which are ETH and WBTC, potentially continuing to dump.

KelpDAO will stop supporting rsETH cross-chain on multiple chains starting June 15 On May 18, KelpDAO tweeted that to ensure the highest security standards for rsETH, it will consolidate the supported networks. Starting June 15, the official team will no longer support rsETH cross-chain services on the following chains: Optimism, Manta, Mode, Blast, Scroll, X Layer, zkSync, Zircuit, Swellchain, Hemi, Berachain, Sonic, HyperEVM, Unichain, TAC, Avalanche, Plasma Stable, MegaETH, Monad, and Movement. Users holding rsETH on the above chains must cross-chain their assets back to the Ethereum mainnet before June 15. After the deadline, recovery can still be requested but will incur a fee of 100 USDC per address. The specific process will be announced around June 15.

Token Unlocks This Week: Large Unlocks for PYTH, ZRO, and Others On May 18, according to Token Unlocks data, PYTH and ZRO will undergo a one-time large token unlock this week, releasing over $100 million in total, including: Pyth Network (PYTH) will unlock 2.13 billion tokens on May 19, valued at approximately $92.46 million, accounting for 36.96% of circulating supply; LayerZero (ZRO) will unlock 25.71 million tokens on May 20, valued at approximately $32.65 million, accounting for 5.07% of circulating supply; KAITO (KAITO) will unlock 17.6 million tokens on May 20, valued at approximately $8.51 million, accounting for 4.7% of circulating supply. $KAITO $ZRO

Whale Evaded opened a 10x long position on ZEC and HYPE, with a total holding value of $24 million On May 18, according to Onchain Lens monitoring, whale Evaded opened a 10x long position of 36,875 ZEC and 87,000 HYPE, with a total holding value of $24 million. This whale thus became the largest ZEC long on Hyperliquid. $ZEC

Important news from last night to this morning (May 17 - May 18) Bitcoin fell below $79,000, with $82,000 forming a strong selling pressure zone; short-term holders are exiting on rallies. Large-scale capital outflows from the fixed income market may be a medium-term positive for BTC, on-chain signals show tightening supply, and trading enthusiasm is already lower than the previous bear market bottom.

The crypto market broadly declined, with BTC falling below $77,000, only the DeFi and SocialFi sectors remained relatively strong On May 18, the crypto market generally fell, with Bitcoin (BTC) down 1.19%, dropping below $77,000; Ethereum (ETH) down 2.71%, falling below $2,200. Only the DeFi and SocialFi sectors remained relatively resilient, rising 1.18% and 2.40% respectively in 24 hours. Within the DeFi sector, Block Street (BSB) rose 42.25%, Hyperliquid (HYPE) increased 10.51%, and within the SocialFi sector, Toncoin (TON) rose 4.12%.