Key Highlights
- CryptoQuant’s Bitcoin Bull Score surged from 30 to 80 within one week, reaching its highest point since October 2025.
- Bitcoin rallied over 25% from early last week, touching above $81,000 before settling around $79,000.
- A weekly closing price above $83,000 would signal the confirmation of a fresh Bitcoin bull market, according to CryptoQuant.
- Eight out of ten CryptoQuant metrics display bullish characteristics, with spot and futures demand climbing simultaneously for the first time since October 2025.
- U.S. spot Bitcoin ETFs recorded approximately $1.9 billion in weekly net inflows, marking their strongest performance since October 2025.
Bitcoin’s recent surge has amplified indicators pointing toward a potential Bitcoin bull market, though CryptoQuant identifies one critical threshold remaining. The analytics platform’s Bull Score rocketed from 30 to 80 within seven days, marking its strongest reading since October 2025. Bitcoin price gained over 25% from early last week, pushing above $81,000 before pulling back toward $79,000 as market participants monitor whether buying pressure can sustain further upward momentum.
Critical $83,000 Threshold Determines Bitcoin Bull Market Status
CryptoQuant maintains that Bitcoin requires a complete weekly close above $83,000 to validate a new bull market cycle. This threshold aligns closely with the cryptocurrency’s 365-day moving average, which the analytics firm employs to measure long-term market trajectory.
According to CryptoQuant research head Julio Moreno, historical bull markets initiated after Bitcoin broke above this average. Conversely, bear markets commenced when prices dropped beneath it. Without Bitcoin surpassing $83,000, the analytics firm classifies the ongoing rally as an initial phase.
Eight among CryptoQuant’s ten market, network and valuation metrics currently display bullish characteristics. The Bull Score’s climb to 80 represents a significant shift from earlier in the year, when the index declined to 20 during periods of diminished demand.
Spot and futures demand are advancing in tandem for the first time since early October 2025. CryptoQuant suggests this combination indicates robust spot market buying while leveraged trading activity returns.
U.S. spot Bitcoin ETFs captured roughly $1.9 billion in net inflows throughout the week concluding August 21. This represented their most substantial weekly accumulation since October 2025, providing additional validation for the Bitcoin bull market thesis.
Profit-Taking Presents Near-Term Challenges
CryptoQuant identified indicators of short-term market overheating. Traders’ unrealized profit margins advanced to 20.5%, the highest measurement since June 2025. Comparable levels have historically prompted investors to secure gains.
Short-term holders crystallized $1.2 billion in profits between August 20 and August 22. They captured $614 million on August 20 exclusively, representing the largest single-day figure during that timeframe.
Bitcoin deposits to exchanges climbed to approximately 53,000 BTC, the highest volume since June 5. Ethereum inflows increased to roughly 1.7 million ETH, while XRP deposits reached approximately 460 million XRP.
CryptoQuant observed that elevated exchange deposits following sharp price recoveries often suggest selling activity, profit-taking behavior, or hedging strategies. Bitcoin’s primary challenge ahead remains achieving a weekly close above $83,000 to validate comprehensive market strength.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
