Bitcoin Bull Score Index Falls From 80 to 60 as Momentum Weakens
- —The index combines 10 metrics covering demand, profitability, network activity and liquidity
- —It rose from 30 to 80 in August but has lost 20 points since late September
- —Wallets holding at least 100 BTC added roughly 60,000 BTC in August
- —Wallets below 1 BTC shed about 14,000 BTC over the same period
Why it matters: Momentum stays positive while the index holds above 60, but without fresh capital and short-term holder profits, bitcoin's advance may stall.
Source: Bitcoin.com