Analyst: Bitcoin Bull Market Index Shifts from "Bullish Cooling" to "Neutral"
According to ChainCatcher, CryptoQuant Head of Research Julio Moreno stated, "The Bitcoin Bull Market Index has shifted from the 'bullish cooling' phase to a 'neutral' phase, with the index dropping from 70 to 50."
From a risk management perspective, if the index continues to weaken, it suggests that the price of Bitcoin may continue to decline."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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