According to BlockBeats news, on August 22, CryptoQuant's research director Julio Moreno stated, "The Bitcoin bull run index has shifted from the 'bullish cooling' phase to the 'neutral' phase, with the index dropping from 70 to 50. For risk management reasons, if the index weakens further, it means that the Bitcoin price may continue to dip."
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analysts: The Bitcoin bull market index has shifted from "bullish cooling" to "neutral".
According to BlockBeats news, on August 22, CryptoQuant's research director Julio Moreno stated, "The Bitcoin bull run index has shifted from the 'bullish cooling' phase to the 'neutral' phase, with the index dropping from 70 to 50. For risk management reasons, if the index weakens further, it means that the Bitcoin price may continue to dip."