Bitcoin on the Verge of Surpassing $83,000

CryptoQuant analysts have announced that the structure of the cryptocurrency market has shifted from spot demand to leveraged trading. Traders are increasing demand pressure by using leveraged buy positions, paving the way for a continued upward trend. The Bull Score index has reached 80, and the profitability index for holders is above its one-year average, both indicating the onset of a bull market. With the start of September, concerns about a historical repeat have increased; in 2020 and 2021, Bitcoin's strong growth in July and August was accompanied by a decline of over 7% in September. However, the influx of $3.52 billion in new capital into Bitcoin spot funds in August and the positive returns for this month over the past three years have kept hopes alive for a different September in 2026. Bitcoin surpassing the $83,000 resistance is recognized as the final boundary of the bear market, and failing to breach it may return the market to a corrective phase. Overall, the convergence of leveraged trading, a surge in on-chain indicators, and the absorption of $3.5 billion in liquidity by funds are strong signs of the beginning of a new upward trend.

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