Bitcoin (BTC) Price: 24% Rally Pushes BTC to 15-Week High as Bull Market Signs Emerge
TLDR
- Bitcoin surged 28% in eight days, hitting a 15-week high of $81,265 before pulling back below $80,000.
- CryptoQuant’s Bull Score jumped from 30 to 80, its highest since October 2025.
- A weekly close above $83,000 is needed to confirm a new bull market, per CryptoQuant.
- Short-term whale holders took $1.2 billion in profits between Aug. 20–22.
- US spot Bitcoin ETFs recorded $338 million in net inflows on Aug. 24, led by BlackRock’s $209 million contribution.
Bitcoin climbed to $81,265 on Tuesday, its highest price in almost 15 weeks, before pulling back below $80,000 as traders locked in profits.
The move came after an eight-day rally of approximately 28%, recovering from lows around $62,000 and adding roughly $350 billion to Bitcoin’s market cap.
The weekly gain was the second largest for Bitcoin in the past five years.
Bitcoin has now erased three months of losses in just one week.
Analyst account Bull Theory captured the moment on social media, writing: “Bitcoin hits $80,000 for the first time in almost 15 weeks. It is now up 28% in the last 8 days adding $350 BILLION to its marketcap. BTC has now wiped out 3 months of losses in just 1 week.” The post highlighted just how fast sentiment had shifted.
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