Bitcoin Nears $80K as Market Shifts to Futures-Driven Phase

Bitcoin's price has risen to around $79,031 after a 1.9% increase in 24 hours, nearing the $80,000 mark for the second time this year.

Data from CryptoQuant shows that Bitcoin's market structure is shifting from spot trading to futures and leverage-driven activity, which is often seen at the start of strong bull markets.

Despite some concerns about September's historical performance, recent positive trends such as increased Bitcoin ETF inflows and a sharp rise in the Bull Score from 30 to 80 indicate growing market momentum.