TechFlow News, May 19: According to CoinDesk, Bitcoin held steady near $76,800 on Tuesday, while Ethereum edged down 0.1%. Major altcoins continued weakening following Monday’s sell-off. Traders are closely watching Bitcoin’s monthly closing price at $76,000; Tom Lee, Chairman of Bitmine, previously stated that a monthly close above this level would confirm a bull market.
WLFI token fell 3.3% after its treasury company, AI Financial, warned it may not remain solvent through year-end. Since its launch in September, the token has declined approximately 77%. CoinMarketCap’s “Altcoin Season” index retreated to 33/100 after briefly surpassing 50/100 last week.
In the derivatives market, total futures notional trading volume rose from $159 billion to $201 billion, open interest remained stable around $126 billion, and liquidations dropped from over $600 million to $294 million—indicating an orderly market adjustment rather than forced deleveraging. Ethereum’s 30-day implied volatility hit a new yearly low, while Bitcoin’s volatility index stayed near its low of ~40%, suggesting the current sell-off is relatively orderly.
