Bitcoin's bull market score has bounced back to 50. Right now, both the bulls and bears are standing their ground.
Back in March 2022, this index also hit 50, and the market was yelling 'the bull is back', but then $BTC plummeted from 48k straight down below 20k.
So, just because the index is warming up doesn't mean the bull is back. The current derivatives market is still pointing towards range-bound volatility rather than a sustained breakout, with front-end volatility being sluggish and skew still leaning towards bearish protection. So this score is just smoke and mirrors; your capital is what really matters.
Back in March 2022, this index also hit 50, and the market was yelling 'the bull is back', but then $BTC plummeted from 48k straight down below 20k.
So, just because the index is warming up doesn't mean the bull is back. The current derivatives market is still pointing towards range-bound volatility rather than a sustained breakout, with front-end volatility being sluggish and skew still leaning towards bearish protection. So this score is just smoke and mirrors; your capital is what really matters.