Most traders watch price. Smart money watches the Bull Score Index instead.

CryptoQuant’s latest data shows that after a 24% rally, several key on‑chain and demand indicators have crossed into bullish territory, suggesting that $BTC may be entering the early stages of a new bull market.

**The Signal**

- CryptoQuant’s Bull Score Index spiked to 73.4, the highest level in 18 months.

- On‑chain metrics such as the Net BTC Inflow and the 30‑day Moving Average of the BTC Price are all trending upward.

- Demand indicators, including the ratio of active addresses to total addresses, have crossed the 0.4 threshold, a classic bullish sign.

#BullScore #OnChainData #BTC

**The Interpretation**

When the Bull Score Index climbs above 70, it historically precedes a sustained upward trajectory. The confluence of rising net inflows and a strengthening price moving average indicates that institutional and whale capital is re‑entering the market. This alignment reduces the probability of a sharp pullback and sets the stage for a multi‑month rally. In practical terms, traders can expect a higher probability of a breakout above the current resistance level near $70,000, with a potential upside to $80,000 or beyond.

**The Watch List**

Keep an eye on the 30‑day Moving Average of $BTC’s price. A break above this moving average is a classic confirmation of the bullish trend and often precedes a significant price move.

#MA30

**Thought Closer**

If the Bull Score Index continues to climb and the 30‑day MA holds, could $BTC be poised for a new all‑time high?