Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Bitcoin’s recent buyers turn profitable – Yet $83K still blocks confirmation

Bitcoin’s recent buyers turn profitable – Yet $83K still blocks confirmation

AMBCryptoAMBCrypto2026/08/26 11:06
By:AMBCrypto

Bitcoin’s cycle structure has changed dramatically, making this rebound different from previous rallies.

The Bull Score jumped from 30 to 80 in one week. Eight of its 10 component indicators turned bullish. That followed Bitcoin’s [BTC] 24% recovery from approximately $58,000 to the $78,000–$80,000 zone.

The move also pulled the indicator out of a prolonged bearish regime.

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 50px; transition: min-height 0.3s ease; } } @media only screen and (min-width: 640px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 90px; } }
AD

Most notably, stronger Spot demand coincided with a surge in futures activity. That combination suggested that participation was growing alongside price, rather than relying solely on leverage.

Source: CryptoQuant

Historically, similar transitions appeared in 2019 and March 2023. Even though both periods still experienced 15%–25% corrections during broader advances. The false signal in 2022 prevents the current reading from being considered conclusive based on the current reading alone.

Therefore, there is a clear validation point for the structure. Bitcoin [BTC] will need to recapture its 365-day average around $83,000 to validate the regime shift. If it does not recapture this level, then the early bull signal remains conditional.

How has holder profitability supported Bitcoin?

That early-bull shift becomes clearer in the holder base, where the recovery has removed much of the financial stress behind capitulation.

As a result, Bitcoin’s bull transition has been supported by other metrics, including CryptoQuant’s Bull Score index, which jumped from 30 to 80 over a single week.

Source: CryptoQuant

The 50-point gain represents an improved environment in terms of support for the bulls. Meanwhile, the profitability of Short Term Holder (STH) is indicative of how broadly the recovery has affected the overall markets.

STH profitability changed from a loss of around 7% to a profit greater than 11%, reducing some of the selling pressure recently experienced by recent buyers.

Together, these shifts show that improvement now extends across both recent and established Bitcoin holders.

Bitcoin faces its $83K confirmation test

With holder profitability recovering, Bitcoin now faces the cost basis that separates improving conditions from broader structural confirmation.

Holders who bought near previous highs remain underwater, creating potential selling pressure as the price approaches their break-even levels.

That being said, Bitcoin has already moved past the True Market Mean near $76,500, removing one important cost-basis barrier from the recovery. This leaves $83k to $83.8k as the next major supply test.

Source: CryptoQuant

A sustained move through that zone would return more underwater coins to profit and reduce overhead supply. Until then, recently trapped holders remain positioned where renewed selling can slow Bitcoin’s advance.

Final Summary

  • Bitcoin [BTC] Bull Score jumped to 80 as holder profitability improved sharply across the market.
  • BTC now faces $83K–$83.8K, the key cost-basis zone for confirming the bull shift.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

IPO Roadshow Day Boosts Enterprise Office Market! Anthropic Launches Multiple AI Tools, Directly Challenging Microsoft Office

Anthropic has launched Claude Meetings, allowing Claude to join Google Meet video conferences in real-time and perform tasks, transforming Claude from a meeting note-taker into a real-time collaborator. AI whiteboard and spreadsheet features are now available, introducing Claude Whiteboards for team co-editing and Claude Sheets that can be created and modified by AI. The data analysis product Claude Data has officially launched, enabling seamless integration between enterprise data and third-party applications. Microsoft's stock decline has widened, at one point falling more than 3%.

华尔街见闻•2026/11/10 21:26
IPO Roadshow Day Boosts Enterprise Office Market! Anthropic Launches Multiple AI Tools, Directly Challenging Microsoft Office

Anthropic roadshow targets 35% long-term operating profit; founders plan to cash out $1.75 billion in IPO; Goldman Sachs estimates $685 billion revenue by 2030

In a roadshow video, executives at Anthropic revealed that the company believes it can achieve an adjusted operating profit margin of 35% or higher in the long term, far surpassing this year’s Q3 margin of 15%. According to the prospectus, all seven co-founders plan to sell nearly 3.38 million shares each at the IPO’s midpoint price, netting about $250 million per person, while each will still retain approximately $18 billion in shares. Goldman Sachs predicts that by 2030, Anthropic’s annual revenue will be nearly 150 times last year’s revenue, including $586 billion from enterprise clients and $100 billion from non-enterprise customers.

华尔街见闻•2026/11/10 21:16
Anthropic roadshow targets 35% long-term operating profit; founders plan to cash out $1.75 billion in IPO; Goldman Sachs estimates $685 billion revenue by 2030