💥Has the Bull Season for Bitcoin Ended? Here are the Worrying Data!
The approximately 23% loss in Bitcoin's price compared to its record level is worrying investors. On the other hand, CryptoQuant reported that Bitcoin's Bull Score Index has reached its lowest level in two years.
Market participants are wondering whether this indicates the beginning of a bear market or a temporary correction within the bull cycle.
In the past, Bitcoin has experienced recoveries after sharp corrections. However, the latest data from CryptoQuant shows that the current market conditions are not as strong as in previous bull markets.
$BTC
The approximately 23% loss in Bitcoin's price compared to its record level is worrying investors. On the other hand, CryptoQuant reported that Bitcoin's Bull Score Index has reached its lowest level in two years.
Market participants are wondering whether this indicates the beginning of a bear market or a temporary correction within the bull cycle.
In the past, Bitcoin has experienced recoveries after sharp corrections. However, the latest data from CryptoQuant shows that the current market conditions are not as strong as in previous bull markets.
$BTC