Market indicators are moving sharply once again, with CryptoQuant’s Bitcoin Bull Score jumping from 30 to 80 over the past week - its highest level since October 2025. This rapid increase brings Bitcoin back into the bullish zone on their model, rebounding from bottom levels before price trends reversed.
Currently, eight out of ten indicators in CryptoQuant’s model have turned positive, signaling bullish market conditions.
The $83,000 Threshold Serves as the Ultimate Decider
CryptoQuant has set a strict requirement to confirm the start of a new bull cycle: Bitcoin’s price must close above its 365-day moving average at the end of weekly trading. That one-year moving average line currently sits around $83,000.
The analytics firm emphasized that a breakout during daily or intraday trading ranges is not sufficient to provide valid confirmation.
Perspectives outside of on-chain data support this calculation. LMAX Group market strategist Joel Kruger pointed to the May 2026 price peak of $82,820 as the nearest critical resistance level to be conquered. Breaking through that barrier would be a strong indicator that the cycle bottom has passed.
“Market attention will subsequently turn to the $100,000 mark and then target the 2025 record high,” Kruger explained.
Demand Rises Amid Whale Profit-Taking
Support to test that strict threshold is beginning to gather. CryptoQuant noted that demand in both spot and futures markets is now expanding simultaneously for the first time since early October 2025. At the same time, US spot Bitcoin ETF products recorded $1.9 billion in inflows for the week ending August 21 - the strongest weekly performance with a streak of five consecutive positive sessions.
However, substantial selling pressure is already waiting. Traders’ unrealized profit margins have climbed to 20.5%, the highest margin percentage since June 2025.
CryptoQuant compared this vulnerable situation to market conditions in early May, when margins reached 19% and were followed by a Bitcoin price drop of up to 30%.
Sell-offs have already been recorded from a whale’s moves on August 20, realizing $614 million in profit - a record profit-taking event according to CryptoQuant’s calculations. Alongside that maneuver, approximately 53,000 BTC flowed into exchanges, marking the largest deposit volume since June.
The Weekly Close Test
A score of 80 confirms the return of buying momentum, but the tens of thousands of coins piling into exchanges serve as a reminder that sellers are ready to intercept price at resistance. The real test for the rest of the week is not just briefly pushing past $83,000, but the ability to withstand selling pressure until the weekly close is reached.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
