Bitcoin may be entering a new bull-market phase, as several valuation, demand, and liquidity indicators have turned higher, according to CryptoQuant. The cryptocurrency climbed about 24% from August 17 to reach $80,000, its highest level since mid-May. CryptoQuant’s Bull Score rose from 30 to 80, with eight of its ten underlying indicators now in bullish territory. Confirmation of this new cycle depends on a daily close above the 365-day moving average, currently near $83,000. Trader unrealized profit margins reached 20.5%, their highest since June 2025, while large holders realized a record $614 million in profits on August 20.
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