CryptoQuant's Bull Score Index Hits Lowest Level Since 2023

According to Odaily, blockchain data tracking firm CryptoQuant has reported that its Bull Score Index has dropped to 20, marking the lowest level since January 2023. Analysts at CryptoQuant suggest that if this index remains below 40 for an extended period, it could indicate the continuation of a bear market. Historical data shows that a sustained rise in Bitcoin typically requires the index to exceed 60. Additionally, Sean Farrell, Head of Digital Asset Strategy at Fundstrat, noted that the unpredictability of U.S. President Donald Trump's policies is causing market tension, making crypto assets that rely on trend funds particularly vulnerable.