CryptoQuant: Bitcoin Has Entered the Initial Phase of a New Bull Market
CryptoQuant's report, published on August 25, 2026, indicates Bitcoin has entered the initial phase of a new bull market. The platform's Bull Score index surged from 30 to 80 points in a week, its most bullish reading since October 2025, with eight out of ten indicators signaling bullish momentum. Bitcoin's price rose 24% to $80,000, a high since mid-May.
Analysts, including Head of Research Julio Moreno, state that Bitcoin's market regime has switched to bullish. However, they emphasize that a confirmed trend requires a closing price above the 365-day moving average, currently around $83,000.
The report highlights strong demand, with spot demand growing at its fastest monthly pace since December. Spot and futures demand are expanding simultaneously for the first time since October 2025. Despite the bullish signals, short-term overheating signs are present: traders' unrealized profit margin reached a high of 20.5%, whales realized a record $614 million in profits on August 20, and increased inflows of BTC, ETH, and XRP to exchanges suggest potential selling pressure.
CryptoQuant's AI analysis notes a similar pattern occurred in April 2026, which was followed by a correction, warning that the current bullish signal could be short-lived. The key level to confirm a sustained trend change remains a Bitcoin close above $83,000.
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