What a Zero Bull Score Means for Bitcoin

[madmax]

The Bull Score combines ten on-chain and market indicators to assess Bitcoin’s health. Typically, readings below 40 indicate a bear market, while scores above 60 suggest bullish conditions.
Bitcoin’s MVRV ratio, reflecting investor profitability, has dropped sharply, indicating that holders are seeing less unrealized profit or even losses. Despite Bitcoin holding a high price near $100,000, slowed ETF and corporate inflows are keeping market momentum low.

[Rimon Khan]

Zero bull score signals fear — and that’s usually where accumulation starts.

[Abdul Khan]

Sentiment metrics dropping could be the perfect contrarian signal.