Bitcoin's on-chain profitability has recovered sharply from its March lows, but analyst Axel Adler Jr. says the market still lacks a stronger behavioral confirmation that a durable reversal is underway.
Traders' unrealized profit margin reached 17.7% on May 5, 2026. Executed profits in the spot market hit a daily peak of 14.6K BTC on May 4, 2026. Apparent spot demand recorded a contraction of minus 11K BTC according to the latest compiled data.
Bitcoin price started a fresh decline below the $76,800 zone. BTC is consolidating and might struggle to stay above the $76,000 support.
Its advisor, Yorkville America, said the withdrawal is a strategic move to reapply under a more efficient securities framework.
Bitcoin (BTC) has slipped after failing to clear a major ceiling around the $83,000 area, with the flagship cryptocurrency down nearly 5% over the past week. As of Tuesday evening, BTC was changing hands at roughly $76,750.
Bitcoin has lost the $80,000 level as selling pressure and market uncertainty converge on a price structure that analyst Rei Researcher has identified as one of the most sensitive zones Bitcoin has occupied in this entire cycle.
Global liquidity growth is losing momentum, and the slowdown is colliding with a sharp bout of risk-off sentiment in U.S. crypto ETFs as Bitcoin (BTC) products posted one of their largest single-day outflows in recent weeks. According to data compiled by Bigeometrics, global M2 money supply—a broad measure of cash and near-cash instruments—stood at $119.6114 trillion as of May 18.
Trump Media Technology Group has officially withdrawn its proposed Bitcoin ETF filing with the U.S. Securities and Exchange Commission (SEC), marking a major setback for the companys crypto expansion plans. The move comes as U.S. spot Bitcoin ETFs face significant capital outflows, highlighting growing uncertainty in the cryptocurrency investment market.
On-chain data shows USDC exchange inflows have witnessed a spike after the latest Bitcoin pullback, a potential sign that traders are looking to buy the dip. USDC Exchange Inflows Have Spiked To $350 Million As pointed out by on-chain analyst Maartunn in an X post, a notable amount of USDC has hit exchanges recently.
Bitcoin (BTC) continues to face strong resistance near the $83,000 level, raising concerns among traders that another major market downturn could be approaching. Despite recent weakness, crypto research firm K33 believes the current Bitcoin cycle differs significantly from previous bear market collapses seen in 2014, 2018, and 2022.
Analytics firm CryptoQuant has highlighted how the Bitcoin futures market saw a notable amount of inflows alongside the recent price surge. Bitcoin Open Interest Shot Up Alongside Rally In a new post on X, CryptoQuant has talked about the latest trend in the Bitcoin Open Interest.
The Bitcoin mining sector accumulates more than 27 gigawatts of planned power capacity in the United States. Mining companies have announced contracts related to artificial intelligence worth over $90 billion. Securing a single gigawatt of grid-connected power can require more than four years in most U.S. states.