The Bull

Bitcoin's Bull Score Index has crashed to 0, signaling extreme bearish conditions, according to CryptoQuant.

Just weeks ago, the market was showing strong bullish momentum. Now, sentiment has completely reversed.

Fear is back, momentum is fading, and the bears are firmly in control.

Historically, extreme readings like this can signal market exhaustion, but they don't necessarily mean the bottom is in.

The question now is whether we're approaching another major buying opportunity or if there's still more pain ahead.

Unfortunately, there hasn't been much activity in the market lately. Most altcoins are still in short-term downtrends, with only a few random coins seeing exit pumps.

We’ll have to wait for positive momentum to return to the market. It's definitely a tough time for everyone.

That said, I still believe BTC could find its bottom around $70K or somewhere close to that level.

Let's see how things play out.

This is insane.