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Bitcoin's bull-bear cycle indicator turns green, hinting at early market recovery but confirmation needed.

Market News
12 May 2026
Coindesk
View Source
Bullish
pluang ai news

CryptoQuant's bitcoin bull-bear cycle indicator has turned green for the first time since 2023, signaling a potential early shift from bear market behavior to recovery. Analysts caution this is a broad market signal, not a precise trading tool, and confirmation depends on sustained demand, liquidity, and breaking above the $82,000 resistance level. Some experts, like Arthur Hayes, believe bitcoin's bottom near $60,000 is set and foresee a rally toward $90,000 and beyond. However, others warn that onchain metrics should be used as behavioral guides rather than exact predictions, especially given the current mixed market signals and macroeconomic challenges.

More News (BTC)

Bitcoin dips below $59K amid record ETF outflows and extreme market fear

Bitcoin dips below $59K amid record ETF outflows and extreme market fear

Bitcoin has dropped from $60K to $59K, down 7.9% over the past week, driven by record outflows from spot Bitcoin ETFs that have already surpassed February 2025's $3.6 billion record. This challenges the idea that institutional ETF access would suppor...

Market News
Bearish
7 hours ago
Cryptocurrency prices show mixed movements with Bitcoin down 1.19% and Solana up 2.10%.

Cryptocurrency prices show mixed movements with Bitcoin down 1.19% and Solana up 2.10%.

Cryptocurrency markets experienced varied price changes, with Bitcoin falling 1.19% to $59,249 and Ethereum down 0.91% to $1,565.80. Meanwhile, Solana gained 2.10%, indicating selective strength in the market. These fluctuations reflect ongoing volat...

Market News
Neutral
7 hours ago
Bitmine reaches 94% of its goal to hold 5% of Ethereum supply and joins Russell 1000 index.

Bitmine reaches 94% of its goal to hold 5% of Ethereum supply and joins Russell 1000 index.

Bitmine Immersion Technologies has acquired 94% of its target to hold 5% of Ethereum's total supply, now owning 5.7 million ETH or 4.7% of all circulating Ethereum. The company also joined the Russell 1000 Large-cap Index, aiming to attract more inst...

Market News
Bullish
9 hours ago
Bitmine buys $43M in Ethereum amid crypto price drop, blames quarter-end 'window dressing' for weakness

Bitmine buys $43M in Ethereum amid crypto price drop, blames quarter-end 'window dressing' for weakness

Bitmine Immersion Technologies purchased 27,084 ETH worth about $43 million last week, increasing its holdings to 5.7 million ETH, nearly 4.7% of Ethereum's circulating supply. Despite the recent crypto price decline, Bitmine continues to accumulate ...

Market News
Neutral
10 hours ago
Cryptocurrency prices show mixed movements with Bitcoin near $59,876 and Ethereum around $1,574.

Cryptocurrency prices show mixed movements with Bitcoin near $59,876 and Ethereum around $1,574.

Cryptocurrency markets display varied price changes, with Bitcoin slightly down at $59,876 and Ethereum nearly unchanged at $1,574. Other coins like Solana and Avalanche show gains, while some tokens experience declines. These fluctuations reflect on...

Market News
Neutral
10 hours ago
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