Bitcoin Bull Score Surges To 30, Exits ‘Extra Bearish’ Zone
CryptoQuant’s Bitcoin Bull Score Index has jumped to a value of 30, indicating bearish conditions persist for the asset, but are no longer as extreme. Bitcoin Bull Score Index Has Seen A Small Uptick In a new post on X, CryptoQuant head of research Julio Moreno has talked about the latest trend in the Bull Score Index for Bitcoin. This indicator basically tells us about the phase of the market that the cryptocurrency is currently in. The metric determines this by referring to the data of ten indicators covering different aspects of the network. Some of the major on-chain indicators....
Related News
Capriole Investments founder Charles Edwards says Bitcoin has moved into a historically attractive accumulation area, but not yet the kind of deep-discount zone that defined the best buying opportunities of prior cycles. In his view, the setup is constructive for long-term holders, though still lacking the confirmation needed to call a durable bottom. Speaking with Crypto Consulting Institute’s Joe Shew, Edwards framed Bitcoin as “closer to the bottom than the top,” with multiple on-chain metrics pointing to value even as price action remains damaged. He stopped short, however, of calling....
On-chain analytics firm Santiment has highlighted how the average Bitcoin returns of the buyers from the past year are looking similar to late 2022. 365-Day Bitcoin MVRV Ratio Has Plunged Recently In a new post on X, Santiment has talked about the latest trend in the Bitcoin Market Value to Realized Value (MVRV) Ratio. This on-chain indicator measures the ratio between the market cap of the asset and its Realized Cap. The Realized Cap here refers to a capitalization model that calculates the total value of the cryptocurrency by assuming that the ‘real’ value of each token in....
CryptoQuant’s Bitcoin Bull Score Index has dropped to a value of 20, hinting that a potential bearish transition could have occurred for the asset. Bitcoin Bull Score Index Is Now In “Extra Bearish” Territory In a new post on X, CryptoQuant community analyst Maartunn has shared how the analytics firm’s “Bull Score Index” has changed for Bitcoin after its recent price drawdown. The Bull Score Index is an indicator that tells us about the market phase the cryptocurrency is currently going through. It determines this by referring to a bunch of key on-chain....
Lekker Capital CIO Quinn Thompson argues on X that collapsing mining economics, combined with a growing shift by public miners toward AI and high-performance compute, could turn corporate BTC treasuries into a fresh source of market supply. “A large underappreciated headwind for Bitcoin is the disaster that which is mining economics. The only way this heals is through a decline in hashrate, which is being spearheaded by the AI compute first movers like CORZ, WULF, CIFR, IREN, etc.,” Thompson wrote. The chart Thompson shared, frames the problem visually. It shows aggregate bitcoin holdings....
On-chain analytics firm CryptoQuant has highlighted how its Bull Score Index is deep inside the bearish territory despite the latest Bitcoin price rally. Bitcoin Bull Score Index Has A Value Of Just 10 Right Now In a new post on X, on-chain analytics firm CryptoQuant has discussed the latest trend in the Bull Score Index […]