Bitcoin moved above $80,000 after taking liquidity below recent lows, with Michaël van de Poppe identifying $82,700 as a potential next upside level. The advance coincides with CryptoQuant’s Cycle Momentum indicator returning to positive territory after eight months of bearish readings, although its latest reading of 0.4 remains well below the 20–30 range needed for sustained confirmation. On-chain data is mixed: Alphractal reported that 1-year active supply fell to 7.49 million and CryptoQuant said exchange reserves declined from 2.73 million on August 17 to 2.70 million, suggesting fewer coins are immediately available for sale. However, sellers offloaded roughly $1.2 billion in BTC between August 23 and September 1, apparent demand turned negative over the latest 24 hours, and approximately 127,940 BTC left exchanges. Bitcoin’s $76,000–$77,000 support zone and its ability to reclaim the declining 50-week weighted moving average in the low-$80,000 region remain important tests, and the data does not confirm a sustained bull run.