Bitcoin Bull Score Index Rises To 30 As Market Leaves "Extra Bearish" Phase

CryptoQuant's Bitcoin Bull Score Index has climbed to 30, signaling that while bearish conditions remain, they are no longer at their most extreme. The index, based on ten on-chain and market indicators, had previously fallen to zero before partially recovering as exchange flows, stablecoin liquidity growth, and price momentum turned bullish. Bitcoin's price has also bounced back above $70,000 after briefly dropping below $66,000 over the weekend.