BTC is bullish the fastest in 12 months, and $83,000 is the line of life and death

According to Woofun AI, the Bitcoin market is experiencing sharp fluctuations, and its core contradiction focuses on the game between strong upward momentum and the critical 365-day moving average resistance level of $83,000.

On the technical side, in the last week of August 2026, Bitcoin's bullish momentum showed its fastest rise in 12 months. This strong support directly drove the asset's intraday price to $81,272 on the Binance platform for a while, setting a new record high since May 15, 2026.

According to data compiled by Woofun AI, CryptoQuant's 'bullish rating' index jumped from 30 to 80 in just 7 days. The index comprehensively considers 10 network-related and market-related indicators. Currently, 8 of these indicators have changed to positive value ranges.

Notably, the last time such extreme ratings appeared was on October 6, 2025, when Bitcoin traded around $124,000. Since Monday, August 17, 2026, the Bitcoin price has cumulatively increased by 24%. At the time of writing, its price was around $78,800, a slight increase of 0.11% in 24 hours. Julio Moreno, head of research at CryptoQuant, pointed out that although the indicator suggests that a bull cycle may begin, the technical side requires that the daily close price hold a stable 365-day moving average, and the current value of this dynamic indicator is exactly $83,000.

Liquidity injections at the macro level provided additional support to the market. Demand growth in the spot market reached the fastest level since the end of December 2025, and activity in the futures and spot markets rebounded simultaneously for the first time since October 2025. The US Treasury Department announced that, starting September 9, 2026, it will double its long-term sovereign bond repurchases to at least $4 billion per auction. Industry analysts see this as a sign of a rebound in risk appetite.

Furthermore, according to “Kobeissi Letter” data, institutional investors' long positions on S&P 500 futures reached US$375 billion in the third week of August, which is only $20 billion lower than the record high set in May 2026.

However, the risk of short-term overheating cannot be ignored. Retail investors' unrealized profit margin rose to 20.5%, a record high since June 2025. On August 20, 2026, the net revenue of large holders' wallets reached $614 million in a single day, the highest in the year. Over the past 48 hours, Bitcoin, Ethereum, and Ripple have increased their inflows into centralized trading platforms, and historical data suggests this is often accompanied by subsequent sell-off pressure. With the launch of the September 9, 2026 bond repurchase program, the market will face severe liquidity tests at the $83,000 resistance level.