Analytics Firm Claims Bitcoin Bull Run Has Begun: “There’s Just One Level Left; If It Breaks Through This One…”

The recent strong surge in Bitcoin’s price signals the beginning of a new bull run in the market, according to the on-chain analytics platform CryptoQuant. The company noted that its Bitcoin Bull Score indicator rose from 30 to 80 in just one week, marking the fastest market regime change in the past year. According to CryptoQuant, the final significant hurdle to officially confirm this new bull market is around $83,000.

Bitcoin has surged approximately 24% since Monday, August 17th, reaching as high as $80,000. This marks BTC’s highest level since May 15th. CryptoQuant attributes the rise to two key macro catalysts that have been strongly priced positively by the market.

The first of these was the US Treasury’s announcement that it would increase the size of its long-term government bond buybacks to at least $4 billion per transaction starting September 9th. The second significant development was US President Donald Trump’s statements suggesting that the US government might consider purchasing Bitcoin.

According to CryptoQuant data, Bitcoin’s valuation indicators have seen a significant improvement. The platform’s Bull Score Indicator jumped from 30 to 80 in a week, reaching its highest level since October 6, 2025. At that time, Bitcoin was trading at approximately $124,000. Eight out of the ten indicators tracked are currently signaling a bullish trend.

Demand-side data also supports the market shift. CryptoQuant reported that apparent spot Bitcoin demand recorded its fastest monthly growth since late December. Furthermore, demand in both the spot and futures markets began growing simultaneously for the first time since early October 2025.

According to the platform, the simultaneous upward turn in valuation, demand, and liquidity indicators suggests that Bitcoin has entered the initial phase of a new bull market. However, CryptoQuant stated that for the change in market regime to be definitively confirmed, Bitcoin needs to close above its 365-day moving average, which is currently around $83,000.

CryptoQuant warned that while the medium- to long-term outlook has improved, the Bitcoin market may be overheated in the short term.

Traders’ unrealized profit margin rose to 20.5%, reaching its highest level since June 2025. Meanwhile, whales achieved a record realized profit of $614 million on August 20th.

Simultaneously, the increase in Bitcoin, Ethereum, and XRP inflows to cryptocurrency exchanges suggests that investors may be moving their assets to exchanges for sale. Therefore, CryptoQuant stated that it would not be surprising if Bitcoin struggled in the resistance zone around $83,000 or experienced a correction typical of the early bull market period.

According to the platform, such a pullback might be a healthy move to digest the recent 24% rally, rather than signaling the end of an uptrend.

CryptoQuant stated in its assessment that the market regime has now turned bullish, but investors should closely monitor the 365-day moving average at the $83,000 level for confirmation of the new bull market.

*This is not investment advice.