Bitcoin Bull Market Index Drops from 70 to 50 — CryptoQuant’s Julio Moreno Warns of Further Price Decline

COINOTAG News on August 22 cited CryptoQuant Research Director Julio Moreno, who stated the Bitcoin Bull Market Index has moved from the “Bullish Chill” phase to a “Neutral” regime after declining from 70 to 50. This shift denotes a tangible reduction in bullish momentum and prompts a recalibration of portfolio risk controls for institutional and retail investors. Moreno highlighted that, for sound risk management, a further deterioration of the Bull Market Index would be indicative of continued downside pressure on the Bitcoin price. Market participants should therefore monitor the index in conjunction with on-chain metrics and liquidity indicators to inform position sizing and hedging decisions.