CryptoQuant: Bull-Bear Index hits a new low since the FTX collapse but still hasn't reached the "extreme bear market" zone

BTC-1.21%

Odaily Planet Daily reports that CryptoQuant’s Bitcoin Bull/Bear Index recently reached its lowest point since the FTX collapse in 2022. This indicator measures market momentum by the difference between the Bitcoin market profit and loss index and its 365-day moving average. Historical data shows that similar extreme bear market levels often indicate a bottom formation.

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