CryptoQuant says Bitcoin has entered initial phase of new bull market

CryptoQuant Head of Research Julio Moreno said Bitcoin has shifted into a bullish market regime after a 24% rally since August 17, with most of the firm’s indicators now pointing to the early stage of a new bull market. Market regime has switched to Bull for Bitcoin. Basically all metrics are pointing to the initial phase of a new bull market. Two things to keep in mind:– Bitcoin's price still has to cross above its 365-day MA ($83K today) for the bull market to be "officially" confirmed.… pic.twitter.com/Vw0hZWHRvX — Julio Moreno (@jjcmoreno) August 25, 2026 Bitcoin reached $80,000, its highest level since May 15, following a rally that Moreno linked to improving macro conditions. CryptoQuant’s Bull Score jumped from 30 to 80 in one week, with eight of its 10 underlying metrics now flashing bullish. Demand has also strengthened. According to Moreno, apparent spot demand is growing at its fastest monthly pace since late December, while spot and futures demand are expanding together for the first time since October 2025. The shift is not yet fully confirmed. Moreno said Bitcoin still needs to move above its 365 day moving average, currently around $83,000, before CryptoQuant conside...