Bitcoin's bull score index just left bear territory. There's a warning attached.
CoinDesk·4h ago·Cautious Optimism
What Happened
CryptoQuant's Bitcoin Bull Score Index reached 50, indicating neutral market conditions and potentially ending the bear market. The index analyzes ten on-chain indicators measuring blockchain activity and investor profitability. However, analysts warn the neutral signal may prove false, citing March 2022 when similar conditions preceded continued volatility. Bitcoin currently trades around $78,000.
Key Entities
BitcoinCryptoQuantBull Score Index$78,186$126,000March 2022