Bitcoin rally shows signs of cooling even as a 'bull score' gauge nears its perfect score
60-second summary
Bitcoin’s rally cools as CryptoQuant’s on‑chain “bull score” approaches its perfect 100, signaling waning buying pressure after the eight‑month high; the metric, which measures cumulative buyer activity, now hovers just below the ceiling, indicating that the momentum that lifted BTC is receding and suggesting a potential short‑term pullback in the broader cryptocurrency market.
A trend guage tracked on onchain analysis firm CryptoQuant is near its ceiling. The buyers who drove BTC to an eight-month high are already pulling back.