Is Bitcoin's bear flag about to trigger? Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, breaks down the LATEST crypto charts — including Bitcoin, Ethereum, XRP, Solana, Chainlink, and Avalanche — and reveals the KEY levels you MUST watch right now. Video by Gareth Soloway.
As of May 17, 2026, Bitcoin (BTC) is trading at approximately $78,360 (roughly €67,080), remaining under localized pressure after slipping from its recent $82,000 high.
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News & Insights
-Macroeconomic Headwinds: A sudden and rapid shift in Federal Reserve expectations is driving capital out of risk assets. Persistent inflation and skyrocketing bond yields have led traders to completely reverse their previous monetary easing thesis. Options and futures markets are pricing in a roughly 50% probability of a final Fed interest rate hike before the year concludes.
-Liquidity & Leverage Squeeze: The drop below the crucial psychological threshold of $80,000 over the weekend triggered a major $550 million long liquidation flush across derivatives exchanges. Funding rates have flipped negative, indicating that active futures traders maintain a dominant short bias.
-The CLARITY Act Catalyst: Institutional sentiment scored a significant structural win on May 14 when the U.S. Senate Banking Committee passed the bipartisan CLARITY Act, aiming to standardize crypto and stablecoin legislation. While this briefly drove BTC up to $82,000 last week, the momentum has faded into a macro-driven "sell the news" cycle.
-Corporate and Whale Activity: On-chain data from CryptoQuant tracks slowing spot demand from U.S. investors alongside hints of minor balance sheet rebalancing from major corporate treasury holders, contributing to overhead supply.
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