The crypto market faced another sharp correction on May 18 as Bitcoin slipped below the $77K level and Ethereum lost key support near $2,200. More than 150K traders were liquidated across the market, showing how aggressively leveraged positions were wiped out during the sudden volatility. While panic spread across major assets, sectors like DeFi and SocialFi showed relative resilience and continued attracting attention from traders looking for stronger narratives.

Geopolitical tensions are once again becoming a major factor for global risk markets. Concerns surrounding potential US and Israel military actions against Iran could increase uncertainty across traditional and crypto markets alike. Historically, periods of geopolitical stress tend to trigger short-term volatility, especially when leveraged positions dominate market sentiment.

At the same time, sharp liquidations often create opportunities for patient traders. Some see this move as a healthy reset after overheating conditions, while others remain cautious about further downside if macro pressure continues. Market structure around BTC and ETH over the next few sessions may determine whether this becomes a deeper correction or the beginning of another recovery phase.

What’s your view? Panic selling or a strategic buying zone?

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