Bitcoin Bull Market Confirmed: $90K Profit-Taking Zone Looms, CryptoQuant Warns

CryptoQuant has officially confirmed the start of a new Bitcoin bull market, with onchain signals, technicals, and valuation metrics all pointing upward. In its latest weekly report, the analytics platform noted that BTC has reclaimed its 365-day moving average at $80,500, a key threshold analysts previously cited as confirmation of the cycle's direction. Spot price currently sits near $86,000, with the path to $90,000 described as "largely clear" and absent any return to bear-market conditions.

However, the $88,000–$90,000 zone could trigger significant profit-taking pressure. CryptoQuant's data shows that short-term Bitcoin traders, those holding BTC for one to three months, have a realized price of $64,300. The "upper band" for this cohort sits at $90,300, approximately 40% above the realized price, coinciding with a dense onchain supply cluster. Historically, when price approaches this upper band, profit margins stretch and selling pressure intensifies, creating what CryptoQuant calls "a natural pause point within an uptrend, not a reversal."

CryptoQuant CEO Ki Young Ju added context, noting that future Bitcoin cycles are likely to produce shallower tops and bottoms due to growing institutional ownership. During the 2026 bear market, Bitcoin's MVRV ratio never fell below 1, meaning the broader investor base remained in aggregate profit throughout, a stark contrast to prior macro downtrends. With BTC now testing resistance near $90,000, traders are watching closely to see whether institutional absorption can offset retail profit-taking in the weeks ahead.