Bitcoin Bull Market Index Hits Two-Year Low, Suggesting Bearish Trends

According to PANews, CryptoQuant has reported on the X platform that the Bitcoin bull market index has dropped to its lowest point in two years, reaching a score of just 20. Bitcoin has fallen 23% from its peak, and historical data indicates that a strong rebound typically occurs only when the index exceeds 60. The persistent low index is often associated with bearish market conditions.