Pyth Network, the decentralized oracle network, is under significant pressure just hours ahead of a major token unlock scheduled for Monday, May 19. Pyth Network’s (PYTH) price has fallen 7% in the past 24 hours to $0.1449. The token has…

Pyth Network dips below mid-band and RSI trends lower as $313M token unlock looms

BitMEX co-founder Arthur Hayes says Bitcoin must break above $110,000 and 
climb toward $150,000–$200,000 for a true altcoin season to kick off. In a 
recent interview with Fortune published on May 18, Hayes predicted this 
breakout could occur sometime in…

Arthur Hayes: Bitcoin must break through 110K for altseason to begin, Ethereum to outperform Solana

In his latest market rundown, Amsterdam-based trader and educator Michaël van 
de Poppe warns that “retail isn’t here in the markets as of yet” and notes 
that the widely-followed Altcoin Season Index is still languishing around 
29—well below the 50-point threshold that would signal a rotation out of 
Bitcoin and into the broader market. Against that still-cautious backdrop, Van 
de Poppe argues that the recent 38–42 percent rebound in the ETH/BTC pair is 
the first concrete sign of capital rotating down the risk curve, echoing on- 
chain data that show Ethereum clawing back ground after months of under- 
performance. “We’ve had a 40% return against Bitcoin in just a week,” he says, 
“and therefore the blue chips or the large caps are the ones to watch.” Crypto 
Watchlist: Top 5 Altcoins Van de Poppe’s thesis rests on a classic money-flow 
model: funds move from Bitcoin to Ethereum, then to large-cap altcoins, mid- 
caps and, finally, into the smallest caps once animal spirits truly take hold. 
With that framework in mind, he singles out five names that he believes sit at 
different rungs of the risk ladder, each with a specific macro- or sector- 
level tail-wind. Related Reading: Crypto Bulls Just Got Their Macro Wake-Up 
Call: Here’s Why The first pick, Chainlink (LINK), is Van de Poppe’s “easiest 
play” on institutional adoption because “we require oracles to provide data in 
the web-3 space to connect between web 2 and web 3.” The analyst emphasises 
that LINK’s bitcoin-denominated chart is “still at an all-time low,” 
suggesting asymmetric upside if a true altseason materialises. Next on the 
large-cap list is Aave (AAVE). Van de Poppe calls the decentralised lending 
protocol “a large cap which implies less risk,” but adds that the market is 
under-pricing its role in bringing bank-grade yield products on-chain. 
Notably, the token has attracted high-profile flows this cycle—Donald 
Trump–linked World Liberty Financial disclosed cumulative AAVE purchases 
alongside LINK and ETH earlier this year. Moving down the capitalization 
spectrum, the analyst turns to Wormhole (W), a cross-chain messaging and 
liquidity layer he describes as “being used to transfer between the chains,” 
with revenues that cycle back into the protocol. He flags its selection as 
exclusive bridge infrastructure for multiple real-world-asset initiatives in 
which “tokenised T-bill funds” migrate across networks. Wormhole’s 
fundamentals received a liquidity boost when Binance listed the W token with 
four trading pairs on 3 April 2024, broadening access for retail and 
institutional desks alike. Related Reading: Analysis: Crypto Heats Up As $35 
Billion Enters Market In Under A Month For investors willing to venture 
further out on the risk curve, Van de Poppe highlights Peaq (PEAQ), a layer-1 
focused on DePIN and the machine economy. “It’s the largest ecosystem within 
the machine economy and … finally waking up again,” he says, citing on-chain 
data that already show more than 50 companies and six-million devices active 
on the network. He argues that growing transaction counts and cross-industry 
partnerships make PEAQ “interesting for an investment thesis” at current 
valuations. His smallest-cap mention is Alkimi (ADS), which he dubs “an 
advertising project” whose revenue “has gone 4x from $1.2 million to $5 
million” even as the token corrected from $0.50 to $0.10 during the recent 
macro-driven sell-off. Alkimi positions itself as a decentralised ad exchange 
designed to cut supply-chain fees and provide on-chain transparency, a use- 
case the company claims can slash CPMs by over 200 percent for advertisers. 
Van de Poppe closes with portfolio construction advice rather than price 
targets. “The larger the market cap, the longer it’s in business, the larger 
your allocation can be because the lower the risk involved. The smaller and 
newer the project, the smaller the allocation,” he says. At press time, the 
total crypto market cap stood at $3.18 trillion. Featured image created with 
DALL.E, chart from TradingView.com

Crypto Watchlist: Top Analyst Reveals 5 Altcoins With Major Upside

Ethereum co-founder Vitalik Buterin unveiled a proposal to preserve trustless, 
censorship-resistant access to Ethereum, even as the network scales.
On May 19, Buterin shared a post outlining how to make Ethereum&#8217;s layer-1 
scaling &#8220;more friendly&#8221; to users running local nodes for personal use. The 
Ethereum co-founder highlighted the importance of independent users running 
nodes, saying that a market dominated by a few Remote Procedure Call (RPC) 
providers risks censorship.
RPC providers let wallets, users and apps interact with the blockchain without 
running their own nodes. Crypto wallets are usually connected to an RPC 
provider behind the scenes. Buterin believes there are risks to this setup.
&#8220;A market structure dominated by a few RPC providers is one that will face 
strong pressure to deplatform or censor users. Many RPC providers already 
exclude entire countries,&#8221; Buterin wrote.
_Source:__Vitalik Buterin_
## Vitalik Buterin proposes partially stateless nodes
In addition to censorship, Buterin argued that reasons like expensive fully- 
trustless cryptographic solutions and metadata privacy show that there&#8217;s value 
in ensuring greater ease for those running a personal node.
In the proposal, Buterin&#8217;s solution relies on a novel type of node called 
&#8220;partially stateless nodes.&#8221; These nodes are designed to help users maintain 
privacy-preserving access to blockchain data without the heavy resource 
demands of running a full node.
As Ethereum scales and the gas limit increases, running a full node requires 
more storage and bandwidth. Buterin said partially stateless nodes address the 
issue by allowing users to verify the blockchain and serve local data, but 
only store a subset of the Ethereum state, based on the user&#8217;s needs.
_Vitalik Buterin &#8216;s graphic of partially stateless nodes. Source: Vitalik 
Buterin_
 _**Related:**__**Ethereum Foundation unveils security initiative to supplant 
legacy systems**_
## A new node type to validate blocks &#8220;statelessly&#8221;
The nodes would operate by validating blocks statelessly. This means they 
don&#8217;t require the storage of the full Merkle proofs or the entire blockchain 
history. They can selectively keep certain parts of the state up to date.
This means that users could configure their nodes only to save data related to 
their accounts, the decentralized finance (DeFi) applications, and their 
commonly used tokens like stablecoins and Ether (ETH).
The rest of the data will be left out, and queries beyond the stored subset 
will fail or be routed through an RPC solution.
_**Magazine:**__**Danger signs for Bitcoin as retail abandons it to 
institutions: Sky Wee**_

Vitalik Buterin proposes partially stateless nodes for Ethereum scaling

Understanding a Bitcoin liquidation map is imperative in dealing with the 
inherent volatility of the crypto market. The visual tool showcases probable 
liquidation levels, indicating where large orders may cause cascading price 
changes.
This post explores how to interpret a Bitcoin liquidation map, allowing you to 
trade smarter in the volatile world of cryptocurrency.
## What is liquidation in crypto trading?
In cryptocurrency trading, liquidation happens when an exchange forcefully 
closes a trader&#8217;s leveraged position due to insufficient margin to pay losses. 
This usually occurs when the market moves sharply against the position.
Long liquidations occur when prices fall, affecting traders who bet on an 
uptrend. Short liquidations happen when prices unexpectedly rise, impacting 
those who bet on a decline.
_**Did you know?**__In crypto, a single liquidation cascade can wipe out 
millions in minutes, triggered not by hacking but by traders using too much 
leverage at the wrong time._
## What is a Bitcoin liquidation map?
A Bitcoin liquidation map is a visual heatmap indicating price levels where 
large liquidations are expected to occur. These maps assist traders in 
identifying zones where leveraged positions may be closed forcibly if prices 
fluctuate sharply.
Tools like CoinGlass provide real-time Bitcoin (BTC) liquidation maps, 
valuable resources for risk-aware traders.
With the liquidation map, you can
 * Use breakout trading strategies for profitable scalping opportunities.
 * Set stop-loss levels based on key liquidation zones for better risk management.
 * Target high-liquidity areas to secure profits efficiently.
 * Enter large trades near liquidity clusters to minimize slippage and enhance execution.
 * Analyze the gradient of liquidation intensity to anticipate potential price movements..
## Functioning of a liquidation map and key components
The X-axis of the liquidation chart represents the bid price, while the Y-axis 
denotes the relative strength of liquidation activity. Each column on the 
graphic illustrates a liquidation cluster&#8217;s relative significance compared to 
other clusters.
The chart demonstrates how the market will respond if the price reaches 
certain thresholds. Taller liquidation bars indicate a higher potential 
impact. The various hues are solely for visual clarity, allowing users to 
distinguish between distinct liquidation zones.
Here are the main components of a liquidation map:
 * **Heat zones:** Indicate where most positions could be eliminated if the price reaches specific levels.
 * **Liquidity pools:** Collections of stop-loss and liquidation orders that can cause rapid price movements.
 * **Open interest levels:** Demonstrate where large amounts of leveraged positions are concentrated.
 * **Price imbalances or gaps:** Disclose areas without support or resistance, allowing prices to move swiftly.
_**Did you know?**__Crypto liquidations often follow the herd; when too many 
traders place similar bets, liquidation maps light up and whales use them as 
price targets._
## How to use a liquidation map in your Bitcoin trading strategy
A Bitcoin liquidation map provides insights into probable price movements and 
risk zones by visually representing places where leveraged positions will 
likely be closed.
Here is how to use a liquidation map in Bitcoin trading:
 * **Identify high-risk zones:** Identify places with dense liquidation clusters to avoid overleveraging. These areas come across as magnets, attracting price changes that might cause a series of liquidations.
 * **Time entry and exit:** Liquidation clusters help find the optimal entry and exit points. Entering and exiting trades before a cluster becomes risky helps you lock in profits before reversals.
 * **Combine with technical indicators:** Enhance your research by combining liquidation maps with tools such as support/resistance levels and relative strength index (RSI). This sets out a comprehensive view of market conditions.
 * **Avoid herd mentality:** Exercise caution in places with high leverage concentrations. Such zones may be traps constructed by larger players to induce liquidations and profit from the resulting volatility.
 * **Monitor whale activity:** Large traders frequently target liquidation zones to turn price moves to their advantage. Observing these patterns can provide insights about prospective market movements.
 * **Anticipate reversals:** Markets frequently experience reversals following large liquidation events. Recognizing these trends can aid in positioning for possible rebounds.
 * **Implement robust risk management:** Use stop-loss orders and handle leverage carefully. Liquidation maps can help you determine where to put these orders to minimize exposure.
## Common mistakes to avoid when using the Bitcoin liquidation map
Using a Bitcoin liquidation map can enhance trading decisions, but 
misinterpretation can lead to costly errors. Here are common mistakes you need 
to avoid:
 * **Blindly trading toward liquidity zones:** If you are trading toward liquidity zones without thinking, expect reversals.
 * **Misreading map colors or scale** : Making a mistake in judging map colors or scale can skew your risk assessment.
 * **Over-relying on liquidation data without context** : Maps are valuable tools, not an assurance that what they reflect will happen.
 * **Ignoring macro news or sentiment analysis** : External events often override technical signals. A sudden event may make all predictions fall flat.
Always combine liquidation maps with broader technical analysis. Smart trading 
requires context, not just colorful charts.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

How to read a Bitcoin liquidation map (without getting liquidated)

DeFi Development Corp. (Nasdaq: DFDV), a public company with a crypto treasury 
strategy focused on accumulating solana ( SOL), has announced a strategic 
partnership with BONK, a popular community memecoin in the Solana ecosystem. 
As part of the collaboration, the two entities will jointly operate and manage 
a validator node, with both contributing to the […]