Bitcoin Flashes Second Cycle-Bottom Signal as AVIV Heatmap Enters Buy Zone

Bitcoin’s shifts between bull and bear markets often make it difficult for investors to time their entry. On-chain data can therefore serve as a key indicator of market cycles. Drawing on methodology developed by blockchain analytics firm Glassnode and ARK Invest, analysts created the AVIV visualization model to precisely calculate the profit multiple of active supply. A move into the blue zone indicates that the market has entered an extreme, deep-bear phase, historically offering long-term spot investors a valuable signal of bottom formation and an opportunity to build positions.

On-chain analyst Mr. Beg said in BlockTempo on July 14, 2026, that Bitcoin had formally entered the AVIV Heatmap’s blue buy zone, the first such signal since early 2023. It followed an initial bottom signal in June, when the PSIP indicator fell below 50%. The latest development confirms a second cycle-bottom signal, suggesting the market has entered a grinding, Cambrian-like bottoming phase and that the current bear market may be nearing its end.