Bitcoin Shows Four Signs of Recovery as Full Bullish Momentum Returns
Whether Bitcoin can emerge from its correction and resume its bull run depends on more than price. Liquidity, on-chain activity and spot buying are also key. Private wealth manager Swissblock said momentum has returned to expansion territory, while CryptoQuant and Glassnode data showed simultaneous improvements in stablecoin liquidity, transaction volume and aggressive buying — key indicators of whether the rebound can continue.
A May 12, 2026, report showed Bitcoin had fallen 2.5% from its May 6 high of $82,800, with support holding at $80,000 and resistance at $85,000. CryptoQuant’s 90-day stablecoin supply ratio oscillator rose to a 12-month high of 2.8. Transaction count jumped 116% to 831,450 on May 9, while Glassnode said spot cumulative volume delta, or CVD, increased 47% in one week to $62 million.
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The history behind this eventBitcoin Regains $76,000 as Strong Coinbase Demand Drives Market Recovery
The Coinbase Premium Index tracks the Bitcoin price gap between Coinbase in the United States and other exchanges. A sustained positive reading typically signals stronger U.S. spot buying. The index remained above zero for 14 consecutive days, its longest bullish streak since Bitcoin set a record above $126,000 in October 2025, making it an important sign of recovering demand.
Bitcoin broke back above $76,000 on Tuesday, April 21, as Coinbase-led spot cumulative volume delta, or CVD, rose to $517 million from $55 million on April 17. Combined spot and futures CVD exceeded $8.5 billion. Bitcoin subsequently consolidated below $77,000, shifting the market's focus to whether $75,000 can become long-term support.
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