Bitcoin's Bull Score Index Slips To 60 As Whale Profits Shrink: Is The Rally Losing Steam?
Bullish strength: 25/100
- Bitcoin traded around $83,300, up over 2% in the previous 24 hours.
- The Bull Score Index remains at 60, the threshold for bullish conditions.
Bearish strength: 75/100
- Whales transferred 10,600 BTC to exchanges, roughly 2.8 times the 30-day average.
- Short-term whale paper profits fell from $9.8 billion to $4.6 billion in one month.
- The Bull Score Index declined from 80 to 60 since late September.
- Analysts cited insufficient demand growth, unprofitable short-term holders and weak new inflows.
- A potential equity downturn, geopolitical tensions and higher oil prices could pressure Bitcoin.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.