Bitcoin tops $81K as bull market signals flash with 37% rebound

• Short-term holder losses vanish for five days, signaling a reduction in selling pressure
• Analysts cite bullish recovery but warn of resistance at $82,400 and sluggish institutional inflows

On May 14, 2026, CoinDesk reported that key on-chain indicators signaled the start of a new Bitcoin bull market phase. Short-term holders’ unrealized losses dropped to zero and held steady for five consecutive days, reflecting decreased sell pressure from recent buyers. Bitcoin traded above $81,000, representing a 37% rebound from its April lows, as the market withstood over a week of profit-taking without notable price decline.

Analysts noted that the adjusted Spent Output Profit Ratio (aSOPR) remained above 1.0 for nine consecutive days, suggesting that profit-taking had yet to undermine bullish momentum. Historically, this metric underscores price resilience during strong rallies. However, they cautioned that resistance remains near the 200-day moving average at $82,400—an area that capped gains in previous cycles and may pose a challenge for further upside.

Institutional demand, measured by the Coinbase Premium, continued to lag. Without renewed inflows from ETFs or institutional buyers, analysts warned that Bitcoin’s upside could be limited. Meanwhile, altcoin trading volumes began recovering, with the 30-day average surpassing the yearly average for the first time in months. Despite this improvement, momentum appeared to be stalling, and research firm 10x Research advised caution with long altcoin positions unless trading volumes increase further.

As of May 14, 2026, Bitcoin (BTC) was trading at $80,811.32, according to the latest market data.