Bitcoin pulled back to around $79K after a 23% weekly rally as traders took profits.
But the real story is in the market indicators:
-CryptoQuant’s Bull Score jumped from 30 to 80 its highest level since October 2025.
-8 out of 10 indicators are now flashing bullish signals.
-Spot demand is growing at its fastest monthly pace since late December.
-Spot + futures demand are expanding together for the first time since early October 2025.
Altcoins also took a hit, with $XRP down 4%+, $DOGE down 5%, and SOL down 3%.
Despite the pullback, strong $BTC demand could mean this is simply profit taking before another move higher.
All eyes are now on U.S. GDP, PCE inflation, Nvidia earnings and the Fed’s Jackson Hole message.
But the real story is in the market indicators:
-CryptoQuant’s Bull Score jumped from 30 to 80 its highest level since October 2025.
-8 out of 10 indicators are now flashing bullish signals.
-Spot demand is growing at its fastest monthly pace since late December.
-Spot + futures demand are expanding together for the first time since early October 2025.
Altcoins also took a hit, with $XRP down 4%+, $DOGE down 5%, and SOL down 3%.
Despite the pullback, strong $BTC demand could mean this is simply profit taking before another move higher.
All eyes are now on U.S. GDP, PCE inflation, Nvidia earnings and the Fed’s Jackson Hole message.
