Bitcoin (BTC) is flipping into the early stages of a new bull market regime after a strong rally, according to analytics firm CryptoQuant.
CryptoQuant’s Bull Score for Bitcoin jumped from 30 to 80 within a week, marking the most bullish reading since October 2025 when Bitcoin traded at $124,000.
Bitcoin climbed roughly 24% since August 17th to reach a high of $80,000. According to the analytics firm, two macro developments fueled the move, including the US Treasury’s plan to double long-term government bond buybacks to at least $4 billion per operation and hints that the US government may consider purchasing Bitcoin.
Eight of the ten metrics now read bullish, with apparent spot demand expanding at its fastest monthly pace since late December.
“This is a genuine regime shift, the initial phase of a new bull market… but it needs official confirmation. Valuation, demand and liquidity have all switched into bull mode. The official confirmation is a close above Bitcoin’s 365-day moving average, which stands at ~$83,000 today.”
While CryptoQuant is bullish on Bitcoin, the firm warns the market can witness near-term corrections.
“But the market looks short-term overheated. Trader unrealized profit margins have spiked to 20.5% (highest since June 2025), whales realized a record $614M on August 20, and exchange inflows for BTC, ETH and XRP have jumped, hinting at near-term selling pressure.”
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