Bitcoin trades near $80,244 after gaining 14.3% over the past week. CryptoQuant has declared that bitcoin has entered a new bull market, but awaits confirmation with a daily close above the 365-day moving average, currently near $83,000. Eight of the firm’s 10 valuation metrics are now bullish, with the Bull Score climbing from 30 to 80 in a single week. However, long-term holders have started selling, with a monthly average of 21,000 BTC distributed, reversing a peak of 286,000 BTC in June. Net realized profits over the past week reached approximately $1 billion, a 2026 record.
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