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<a href="https://xpertsstudio.com/bonds-or-bitcoin-we-asked-four-ai-models-which-asset-to-buy-now/” title=”Bonds or Bitcoin? We Asked Four AI Models Which Asset to Buy Now”>BitcoinMarketAnalysisTop StoriesBitcoin Price PredictionBitcoin Price Prediction Today
Aug 23, 2026
4min read
byRupam Roy
forThe Coin Republic
Bitcoin traded around $76,898 on Aug. 23 with a market cap near $1.54 trillion and 24‑hour volume of about $42.53 billion after a four‑day, roughly 26% rally that pushed Net Unrealized Profit and Loss (NUPL) above its 365‑day moving average for the first time in 317 days. U.S. spot Bitcoin ETFs logged about $1.62 billion of net inflows across Aug. 18–21 (including $307.5M on Aug. 21 with IBIT $239.3M and FBTC $30.2M), supporting institutional adoption and a bullish case toward $90,000, though analysts flag liquidity concentrations around $73k–$75k and $78k–$80k that raise nearby retest risk for crypto markets and trading activity.
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Key Insights:
- Bitcoin price regained a long-term NUPL trend level after 317 days.
- Liquidity remained concentrated around $73,000-$75,000 and $78,000-$80,000.
- U.S. spot Bitcoin ETFs recorded four consecutive sessions of inflows.
Bitcoin price held near $76,900 on Aug. 23 after a four-day rebound improved long-term profitability signals. CoinMarketCap data showed Bitcoin traded around $76,898, with 24-hour volume near $42.53 billion. The move followed a sharp recovery that pushed a key on-chain indicator above its yearly average.
The rebound mattered because Bitcoin’s Net Unrealized Profit and Loss measure turned positive against its long-term trend. CryptoQuant contributor Burak Kesmeci posted on X that the indicator crossed its 365-day moving average after 317 days. That shift strengthened the recovery case, although nearby liquidity still created pullback risk.
Bitcoin Price Holds Gains After Four-Day Rally
The price of Bitcoin traded between $76,526 and $78,801 over the past 24 hours. Bitcoin remained below its October 2025 record near $126,198 despite the latest rebound.
CoinMarketCap valued Bitcoin’s market capitalization at $1.54 trillion during the session. Circulating supply stood near 20.07 million BTC, keeping Bitcoin first by market capitalization.
Kesmeci said Bitcoin had rallied roughly 26% over four days before his analysis. He said Net Unrealized Profit and Loss rose from 0.16 to 0.32 during that period. Its 365-day moving average stood near 0.31, placing the latest reading just above the trend.
Net Unrealized Profit and Loss tracks unrealized gains and losses acrossBitcoin holders. Positive readings indicate aggregate unrealized profit, while negative readings indicate aggregate unrealized losses.
Kesmeci treated the crossover as a trend-reversal signal rather than a standalone price target. He said sustained readings above the yearly average could support continued upward momentum.
Bitcoin Price Structure Points to Nearby Retest Risk
Trader Killa compared the latest rally with Bitcoin pricerebound from its 2022 cycle low. He said that the earlier move jumped from roughly $16,000 toward $25,000 before retracing near $19,000.
Killa applied the same Fibonacci retracement framework to the latest impulse. His analysis placed a possible local pullback area between $70,000 and $73,000.
The comparison did not establish that Bitcoin would repeat its 2022 recovery path. Instead, it offered a reference for how deep a retracement might go after an impulse move. A shallower decline would preserve more of the rebound before sellers tested lower bids.
That view aligned with a separate liquidity analysis from That Martini Guy. He identified larger downside liquidity concentrations around $73,000-$75,000 and $69,000-$71,000.
He also identified a smaller liquidity pocket around $78,000-$80,000. His analysis suggested traders faced competing liquidity targets above and below the current price.
Renowned crypto analyst Ted Pillows separately identified a small liquidity cluster around $75,400. He said larger concentrations remained near $78,000-$80,000 after that level.
Those zones do not guarantee directional moves. They instead mark areas where leveraged positions and resting orders may increase short-term volatility.
ETF Demand Adds Institutional Support
Farside Investors data showed U.S. spot Bitcoin exchange-traded funds recorded $307.5 million of net inflows on Aug. 21. BlackRock’s IBIT accounted for $239.3 million, while Fidelity’s FBTC added $30.2 million.
The Aug. 21 inflow followed $606.3 million on Aug. 20 and $517.2 million on Aug. 19. Those figures showed institutional demand accelerated during Bitcoin’s latest rebound.
Across Aug. 18 through Aug. 21, Farside recorded about $1.62 billion of net inflows. The sequence covered four consecutive sessions and strengthened evidence that spot demand accompanied the price recovery.
Ted also cited exchange-traded fund buying and a stronger daily Moving Average Convergence Divergence reading. He argued that those factors increased the likelihood of a move toward $90,000.
That target remained conditional rather than confirmed. Bitcoin still traded roughly 14.30% below $90,000 at the latest CoinMarketCap price.
Bitcoin Price Faces $80K Before Any $90K Attempt
The immediate technical test remained the $78,000-$80,000 liquidity range identified by multiple traders. A sustained break above that area would move Bitcoin closer to the psychological $90,000 target.
Failure to hold the mid-$70,000 region would shift attention to lower-liquidity pockets. That Martini Guy placed those areas near $73,000-$75,000 and $69,000-$71,000.
Kesmeci’s on-chain framework provided another condition for the bullish case. Net Unrealized Profit and Loss would have to remain above its 365-day average to preserve the trend signal.
The next verifiable market test is Bitcoin’s reaction around $78,000-$80,000. ETF flow data and the NUPL crossover will provide confirmation if buyers retain control.
Source: cryptorank.io