The founder of on-chain analytics firm CryptoQuant has highlighted how the signals related to a Bitcoin bull run haven’t switched on yet.
Bitcoin Bull Score Index Is Still Inside The Neutral Territory
In a new post on X, CryptoQuant founder Ki Young Ju has shared the latest trend in the Bull Score Index for Bitcoin. This on-chain metric combines the data of several different indicators to give a single score for the network.
More specifically, the index makes use of ten metrics. Some of the popular ones part of it include the MVRV Z-Score, Trader Realized Price, and Stablecoin Liquidity. The Bull Score Index calculates its value in a simple manner: it counts up the number of metrics flashing a bullish signal for the cryptocurrency and multiplies the total by 10.
When the indicator has a value greater than 60, it means more than six metrics are pointing to positive market conditions. Such a trend implies BTC may be in a bullish market phase. On the other hand, the index b
We współpracy z: https://www.newsbtc.com/bitcoin-news/bitcoin-bull-run-yet-warns-cryptoquant-founder/
