On August 25, 2026, CryptoQuant published a report titled "The Market is Changing: Bitcoin Enters a New Bull Phase," noting a 24% rise in Bitcoin since Monday, August 17, to $80,000, a high not seen since May 15.
The analytical platform's Bull Score Index rose from 30 to 80 points over the week—this is the most bullish reading since October 6, 2025, when Bitcoin was trading around $124,000. Eight out of the ten indicators in the index are currently giving bullish signals.
$83,000 as the Confirmation Threshold
CryptoQuant's official account on social media X announced that Bitcoin has just entered a new bull phase: the index jumped from 30 to 80 points in a week—the fastest reversal in a year, and $83,000 remains the sole obstacle to further growth.
On the same day, CryptoQuant's Head of Research, Julio Moreno, wrote on X that the market regime for Bitcoin has switched to bullish and practically all metrics point to the initial phase of a new bull market. He clarified that for an official confirmation of the trend, the price needs to break above the 365-day moving average, which is currently around $83,000.
The CryptoQuant report itself also emphasizes that to confirm a regime change, a close above this moving average is required. For now, only the initial phase of the reversal has been recorded.
Demand is Growing Faster Than in the Past Month
According to the report, the apparent spot demand is currently increasing at the fastest monthly pace since the end of December, and spot and futures demand are expanding simultaneously for the first time since early October 2025. CryptoQuant analysts call this the initial phase of a new bull market.
Simultaneously, the report notes signs of short-term overheating:
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The unrealized profit margin of traders has risen to 20.5%—a high since June 2025;
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Whales realized a record $614 million in profit on August 20;
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Inflows of BTC, ETH, and XRP to exchanges are growing, indicating potential short-term selling pressure.
Thus, the report records a sharp reversal in market sentiment within one week—from cautious to explicitly bullish. The key benchmark for confirming the trend change remains Bitcoin's price closing above the $83,000 mark.
AI Perspective
From the perspective of machine data analysis, a similar pattern was observed in April 2026: the Bull Score Index also rose into the neutral zone, and then CryptoQuant warned of a correction risk. At that time, the company called the April rally speculative and pointed to similarities with the start of the 2022 bear market—when the index retraced from 50 to 40 points in just a few weeks. It turns out that the bullish signal could be as short-lived as the current surge from 30 to 80.
An additional risk factor is the already mentioned realization of $614 million in profit by whales, which historically preceded local pullbacks following sharp index reversals. Will the current bullish signal remain stable, or will the market repeat the April scenario of falling back below the neutral zone?
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