CryptoQuant Weekly Report Puts Bitcoin (BTC) Bull Score at 20
Key Takeaways
- •Bitcoin's Bull Score Index has dropped to 20, a level the latest weekly research classifies as extremely bearish.
- •The composite gauge stood at 90, near the top of its range, as recently as 13 October.
- •The index merges ten on-chain and market indicators into one score ranging from 0 to 100, where higher values indicate more bullish conditions.
- •CryptoQuant's on-chain methodology relies on blockchain data, including exchange flows, holding behavior, miner activity, and network usage, rather than price alone.
- •Since the Bull Score Index is updated weekly, future readings will indicate whether the bearish reading holds or moves higher.
Bitcoin's Bull Score Index has dropped to 20, a level the latest weekly on-chain research classifies as extremely bearish. The reading represents a steep decline in the composite gauge, which stood at 90 — near the top of its range — as recently as 13 October.
The Bull Score Index is a composite measure that blends ten on-chain and market indicators into a single score ranging from 0 to 100, designed to reflect the balance between bullish and bearish conditions in the Bitcoin market. Under the framework used in the weekly report, higher readings correspond to more bullish conditions, while low readings point to bearish conditions. At 20, the index now sits deep in the lower portion of that scale.
On-chain analysis, the methodology behind indicators of this kind, examines data recorded directly on the Bitcoin blockchain — including transaction flows between exchanges and other wallet types, holding behavior, miner activity, and network usage — to assess the underlying state of the market rather than relying on price alone. Composite scores such as the Bull Score Index aggregate multiple metrics of this type in order to smooth out the noise that can affect any single indicator, producing one reading that can be compared week to week as market conditions evolve.
CryptoQuant, the analytics provider behind the report, publishes a range of on-chain and market data covering exchange flows, miner behavior, and investor positioning across major digital assets, with Bitcoin (BTC) — the largest cryptocurrency by market capitalization — among the most closely tracked. Because the Bull Score Index is published on a weekly cycle, upcoming editions will show whether the gauge holds in the lower part of its scale or moves higher; the underlying categories that feed the composite — exchange flows, holding behavior, miner activity, and network usage — provide individual data points to follow alongside the headline score.
This content was first published on COINOTAG: https://en.coinotag.com/bitcoin-btc-bull-score-20-cryptoquant-report
