Bitcoin Bull Score Jumps to 80 as Spot Demand Surges
CryptoQuant has reported a significant rise in Bitcoin’s Bull Score, which jumped from 30 to 80 within a week. This shift signals the potential early stages of a new bull market, as indicated by growing spot demand. The implications of this data suggest that traders should closely monitor price movements and key resistance levels as the market evolves. More details can be found in Wu Blockchain’s tweet.
Breaking It Down
Bitcoin’s recent performance has drawn attention, particularly as it gained 24% since August 17, reaching a price point of $80,000. CryptoQuant’s Bull Score indicates a bullish trend, with eight out of ten indicators signaling positive momentum. However, the market still requires a close above the 365-day moving average near $83,000 for further confirmation of this bullish phase. Additionally, the simultaneous expansion of spot and futures demand marks a notable shift since early October 2025.
The Essentials
- Bitcoin’s Bull Score has increased to 80, marking a significant bullish indicator. Spot demand is expanding rapidly, the highest since late December 2025. Eight out of ten market indicators are currently flashing bullish signals. A close above the 365-day moving average near $83,000 is essential for confirming market trends. Traders should be aware of potential short-term selling pressure as whale profits have reached a record high.
Market Snapshot
Recent market activity shows Bitcoin’s upward momentum, with key resistance levels being tested. Market sentiment reflects a cautious optimism as Bitcoin’s Bull Score rises, suggesting that traders are positioning themselves for potential price increases. The overall crypto landscape remains mixed, highlighting the importance of monitoring Bitcoin’s performance against other major assets.
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