Bitcoin climbed above $80,000 over the last 24 hours as on-chain data offered conflicting signals about whether demand is returning or the move represents a local high before another decline. Alphractal reported that Bitcoin’s 1-year active supply fell to 7.49 million, indicating that fewer coins were moving and that investors may be showing greater willingness to hold. CryptoQuant data also showed exchange reserves declining to 2.70 million from a local peak of 2.73 million on 17th August, reducing the Bitcoin immediately available for sale. However, sellers offloaded roughly $1.2 billion in BTC between 23rd August and 1st September, or about $120 million per day. Apparent demand turned negative over the last 24 hours, while roughly 127,940 Bitcoin left exchanges, pointing to weaker demand and a gradual increase in available supply. The data does not confirm a market bottom or a sustained bull run, and a previous AMBCrypto analysis identified $76,000 as a key level that could determine whether Bitcoin suffers another decline.