Bitcoin Tests $83k Barrier as Bull Score Hits 80
Bitcoin (BTC)
Editor:
Eugene Serbin
Bitcoinethereumnews.com reports that Bitcoin is trading near $80,244 after a 14.3% weekly gain, positioning itself just below the $83,000 threshold identified as critical for confirming a new bull market. CryptoQuant states that Bitcoin has entered a new market regime, with its Bull Score surging from 30 to 80 in a single week, marking its most bullish reading since October 6, 2025. The firm notes that eight of its ten valuation metrics are now bullish, while apparent spot demand is expanding at its fastest monthly pace since late December.
This rally was initially triggered by Washington policy signals and Trump’s remarks regarding a Bitcoin purchase, which led to back-to-back short liquidations. However, CryptoQuant emphasizes that official confirmation requires a daily close above the 365-day moving average near $83,000. Glassnode supports this view, mapping overhead structures between $81,000 and $86,000, with the first self-custody cost-basis shelf starting at $80,800.
Long-term holders are currently distributing supply, with the monthly average turning net negative at minus 21,000 BTC. Analyst Darkfost observed that weekly average net profits hit a 2026 record, with nearly $1 billion booked in the past seven days. CryptoQuant also flagged strain, noting trader unrealized profit reached 20.5%, the highest since June 2025. Santiment data indicates the crowd has not chased the advance, with weighted sentiment turning negative on Wednesday.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio spot data shows Bitcoin trading at $80,249.58 with a 1-hour buy ratio of 54.7%, indicating immediate buying pressure is currently outpacing selling. However, this momentum is fading over longer timeframes, as the 4-hour buy ratio drops to 47.7% and the 24-hour ratio sits lower at 45.2%. Volume delta reflects this shift, showing a positive $6,290,567 in the last hour but a negative $7,192,899 over four hours and a significant negative $123,102,218 over 24 hours. The Cumulative Volume Delta (CVD) for the 24-hour close is -$77,243,933, confirming that net selling pressure has dominated the day. Only 10 out of 24 hours have seen net buying, suggesting the initial burst of volume has been absorbed by sellers. Spot volume for the period reached $1,297,370,375 across nearly 5 million trades.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Comparing today’s activity to the preceding week reveals a slowdown in both participation and price momentum. The 24-hour buy ratio of 45.2% is notably lower than the 7-day average of 51.1%, representing a 5.8 percentage point drop from the weekly norm. Trading volume has also contracted, running at just 0.65 times the average weekly volume. While the price rose 9.9% over the eight-day period, the total volume delta for that week was positive $171,556,665, contrasting with today’s heavy net outflow. This indicates that while the weekly trend remains upward, the current day is experiencing unusual weakness relative to the recent average activity.