Wu Shuo learned that, according to a CryptoQuant report, Bitcoin has risen 24% since August 17, reaching a high of $80,000. The bull market score increased from 30 to 80 within a week, reaching the most bullish level since October 6, 2025. Among 10 indicators, 8 have turned bullish. The report says that spot Bitcoin’s apparent demand has grown at the fastest monthly pace since the end of December last year. Spot and futures demand have expanded in sync for the first time since early October 2025. The report believes the market has entered the early stage of a new bull cycle, but it still needs to close above the 365-day moving average of around $83,000 to be officially confirmed. In the short term, the unrealized profit margin has risen to 20.5%, the highest since June 2025. On August 20, mega whales realized a record $614 million in profit. Exchange inflows for Bitcoin, Ethereum, and XRP have also increased, suggesting that near-term selling pressure may rise.