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Bitcoin’s bull-market signals strengthen, but $83K is still pivotal

CryptoQuant says its Bull Score jumped to 80 from 30, while trader unrealized profit margins reached 20.5%, the highest since June 2025.

Reported · Written up by our desk · Market Structure

Bitcoin has entered the early stages of a new bull market after a 24% rally pushed multiple on-chain and demand indicators into bullish territory, according to analytics firm CryptoQuant.

CryptoQuant said its Bull Score rose to 80 from 30 over the past week, the highest level since October 2025, with 8 of 10 underlying indicators flashing bullish. The firm added that a weekly close above Bitcoin’s 365-day moving average, around $83,000, is needed to confirm the shift to a new bull market.

The report linked the move to accelerating spot demand and to spot and futures demand growing together for the first time since early October 2025. LMAX Group market strategist Joel Kruger highlighted the May 2026 high of $82,820 as the next key level for Bitcoin.

Even with the bullish signals, CryptoQuant warned the rally could be overheated in the short term as profit-taking rises. It cited trader unrealized profit margins at 20.5%, heavy profit-taking by whales, and an increase in exchange deposits, noting that whales realized about $1.2 billion in profits between Aug. 20 and Aug. 22. Cointelegraph also reported Bitcoin was trading around $79,000 at the time of writing, while exchange inflows were roughly 53,000 BTC.

Latest closeBitcoin $79,098.68 ▲0.2%

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