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Bitcoin shows signs of mid-cycle reset, with fading profit-taking and steady demand despite price volatility.

Technical Signals
16 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin's on-chain data reveals a mid-cycle reset as profit-taking pressure decreases and a spike in realized losses indicates a localized panic sell rather than a market top. The adjusted MVRV ratio remains above bear market transition levels, suggesting the market is undergoing normalization within an ongoing bull cycle rather than a breakdown. Despite some volatility and contracting profitability, Bitcoin's price stays above long-term realized value benchmarks, indicating sustained demand. Overall, the data points to market repair and consolidation, favoring patience over reaction as the market prepares for its next move.

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