Scary Signal for Bitcoin: CryptoQuant Analyst Warned! - Coin Bulletin

Julio Moreno shared striking data while stating that expectations for a rise in Bitcoin have largely gotten dumped

According to data shared by CryptoQuant analyst Julio Moreno, expectations for a rise in the Bitcoin market have significantly decreased. The CryptoQuant Bull Score Index, which forms the basis of Julio Moreno's Bitcoin price analysis, has recently experienced a notable get dumped.

The index has been consistently below 40 points since the Bitcoin price reached 96 thousand dollars and has now declined to a quite low level of 10 points. This situation indicates that the market is not optimistic under current conditions and that a rise is not expected in the near future.

The Bull Score Index developed by CryptoQuant measures market sentiment, indicating the highest rise expectation with 100 points and the lowest rise or bear market conditions with 0 points. When examining the chart, it is observed that the index dramatically declines, especially by the year 2025.

While this sharp drop in the index raises concerns among investors, it suggests that pressure may continue on Bitcoin's short-term price performance. According to Moreno's analysis, such sharp drops are often heralds of significant sell-offs or market uncertainty.

The fact that the price of Bitcoin is currently quite far from 96 thousand dollars and that the index remains at a low level like 10 indicates that the market needs to be cautious in the short term.