CryptoQuant's Bitcoin Bull Score Index has rebounded to a neutral 50 for the first time after BTC fell from its high of around $126k, indicating that the market may be shifting from bearish to neutral.


The ten on-chain indicators are evenly split, and the research director calls this the first time entering neutral in this bear market. But history warns that in March 2022, it also rose to 50, after which BTC plummeted.
QCP Capital believes that the derivatives market still points to range-bound trading, with low front-end volatility and a bias toward downside protection. 6666
BTC1.39%
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