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Bitcoin’s Bull Score Jumps to 80, but CryptoQuant Says $83,000 Is the Real Test
CryptoQuant sees Bitcoin in the early phase of a new bull market after a roughly 24% rally, but its signal is not officially confirmed until BTC closes a week above the 365 day moving average near $83,000. The Bull Score rose from 30 to 80, with eight of 10 indicators bullish; $1.92 billion in weekly U.S.
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Key takeaways
- CryptoQuant sees Bitcoin in the early phase of a new bull market after a roughly 24% rally, but its signal is not officially confirmed until BTC closes a week above the 365 day moving average near $83,000.
- The Bull Score rose from 30 to 80, with eight of 10 indicators bullish; $1.92 billion in weekly U.S.
- The rally was also accelerated by roughly $3 billion in crypto short liquidations, so the next test is whether Bitcoin can hold its gains without continued forced buying.
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openai.comCreate a landscape editorial hero image for this Studio Global article: What did CryptoQuant’s latest analysis say about Bitcoin entering the early phase of a new bull market, including its roughly 24% rally sinc. Article summary: CryptoQuant’s view was cautiously bullish: Bitcoin appeared to have entered the initial stage of a new bull market, but the firm did not regard it as formally confirmed unless BTC achieved a weekly close above its 365-da. Topic tags: general, general web, user generated, news. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts w
CryptoQuant’s latest reading is bullish, but deliberately conditional. The analytics firm places Bitcoin in the initial phase of a new bull market after a roughly 24% rally from August 17, yet says the move still needs a weekly close above the 365-day moving average—currently around $83,000—for formal confirmation. 4
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Bitcoin briefly moved above $80,000 before settling near $79,000. At the same time, CryptoQuant’s Bull Score climbed from 30 to 80 in a single week, its highest level since October 2025, with eight of the model’s 10 indicators signaling bullish conditions. 4
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Why the Bull Score matters
The score is not based on price alone. CryptoQuant’s model combines measures of spot and futures demand, investor profitability, network activity and market liquidity. The fact that eight of 10 components turned bullish suggests a broader improvement in market conditions rather than a single short-lived price spike. 1
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That breadth is the strongest part of the current bull case. Price momentum, derivatives positioning and on-chain conditions have improved together, giving CryptoQuant more evidence for an early-cycle recovery than it would have had from a rally driven only by leveraged futures trading.
ETF inflows added evidence of fresh demand
U.S.-listed spot Bitcoin ETFs recorded about $1.92 billion in net inflows for the week ending August 21. Bloomberg described it as the funds’ strongest weekly inflow in roughly 10 months, while other reports also identified it as the best weekly performance since October 2025. 17
Those flows matter because they indicate that at least some buying came through spot investment products, not only through short-term derivatives positioning. They do not, however, prove that the entire rally represents durable institutional accumulation. ETF flows can reverse, and a strong price move can attract buyers after the fact.
Short covering amplified the move
The rally also unfolded against a heavily bearish derivatives backdrop. Roughly $3 billion in crypto short positions were liquidated between August 19 and August 20, compared with about $337 million in long liquidations, according to Bitfinex Alpha.
That imbalance helps explain the speed of the advance. As Bitcoin rose, short sellers were forced to close positions, creating additional buying pressure and pushing prices higher. The result was likely a combination of genuine spot demand and mechanically forced short covering—not evidence that every dollar of the move came from new long-term capital.
A Treasury bond-buyback announcement was also cited as part of the liquidity backdrop that helped trigger the rally. The immediate catalyst may have been powerful, but the more important question is whether demand persists after the liquidation wave has passed.
Why $83,000 is the key confirmation level
CryptoQuant’s threshold is the 365-day moving average, which stood near $83,000. A decisive weekly close above that level would formally confirm the firm’s new-bull-market signal. A brief intraday move above $83,000 would not meet the same standard. 4
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That makes the level both a technical hurdle and a test of market durability. Bitcoin was still roughly 5% below the moving average when it traded near $79,000, according to reporting on the analysis. Until the market closes above it, CryptoQuant’s interpretation remains an early recovery rather than a fully confirmed bull cycle. 4
Failure to clear the level could lead to consolidation or an early bull-market correction after such a steep advance. Some market commentary places a successful breakout’s possible upside in the $95,000–$100,000 area, but that is a scenario rather than a guarantee from CryptoQuant.
The risks behind the bullish reading
A sharp rally can create its own resistance. As more holders move into unrealized profit, some may sell into strength. Recent market coverage also described profit-taking and overbought conditions as reasons Bitcoin’s momentum could slow near $80,000.
The evidence on large holders is not uniformly bearish, however. CryptoQuant-reported data cited by Bloomberg showed that large holders added about 43,000 BTC over the preceding 60 days, excluding exchanges and mining pools. That points to accumulation among at least some whale cohorts rather than a broad, uninterrupted distribution event.
The mixed signals are important: profit-taking can pressure the market in the short term, while accumulation and ETF demand could support a longer-lasting recovery. Neither side alone settles the bull-market question.
What could decide Bitcoin’s next move
The next phase is likely to depend on whether ETF demand continues, whether spot and futures demand remain aligned, and whether Bitcoin can convert the move above $80,000 into a weekly close above $83,000. U.S. inflation data and upcoming Federal Reserve signals are also central to the outlook because they can change expectations for liquidity and interest rates.
Softer inflation or more accommodative policy expectations would generally be supportive for risk assets. Hotter inflation or a more hawkish Federal Reserve could weaken liquidity conditions and make the $83,000 breakout harder to sustain.
The practical takeaway is straightforward: CryptoQuant’s data has shifted decisively in Bitcoin’s favor, but the firm is not asking investors to treat the rally as fully confirmed yet. The Bull Score says conditions have improved; the weekly close above roughly $83,000 is the market’s remaining confirmation test.
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What is the short answer to "Bitcoin’s Bull Score Jumps to 80, but CryptoQuant Says $83,000 Is the Real Test"?
CryptoQuant sees Bitcoin in the early phase of a new bull market after a roughly 24% rally, but its signal is not officially confirmed until BTC closes a week above the 365 day moving average near $83,000.
What are the key points to validate first?
CryptoQuant sees Bitcoin in the early phase of a new bull market after a roughly 24% rally, but its signal is not officially confirmed until BTC closes a week above the 365 day moving average near $83,000. The Bull Score rose from 30 to 80, with eight of 10 indicators bullish; $1.92 billion in weekly U.S.
What should I do next in practice?
The rally was also accelerated by roughly $3 billion in crypto short liquidations, so the next test is whether Bitcoin can hold its gains without continued forced buying.
Sources
theblock.coCryptoQuant says bitcoin has entered bull market but needs to cross $83,000 for 'official' confirmation
cointelegraph.comBitcoin Rally Flips Key Indicators Bullish, CryptoQuant Says
kucoin.comBitcoin Bull Score Hits 80, Weekly Close Above $83K ...