Bitcoin's Bull Score has fallen to zero for the first time since January 2022, according to BeInCrypto. This metric, which assesses Bitcoin's market health through ten on-chain and market indicators, is now below trend across all components. Key metrics such as MVRV and stablecoin liquidity have seen significant declines, raising concerns about a potential bear market. Despite Bitcoin's high price near $100,000, the slowdown in ETF and corporate inflows indicates a lack of new demand.
Bitcoin Bull Score Plummets to Zero, Signaling Potential Bear Market
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