Bitcoin Bull Score Rises to 80 as Spot Demand Grows
Bitcoin’s Bull Score jumps to 80 from 20, reflecting soaring market sentiment and rising spot demand.
- Bitcoin’s Bull Score Index indicates increased market optimism.
- Spot demand is driving rising prices.
- Bitcoin’s price nears its all-time high.
Bitcoin’s Bull Score Index rose to 80 from 20 as spot demand surged, driven by market enthusiasm, according to CryptoQuant’s recent analysis on May 9th, 2025.
The Bull Score’s rise underscores growing optimism in Bitcoin’s potential trajectory, with market players closely observing the shift as it approaches a previous high.
The significant switch in Bitcoin’s Bull Score reflects a stronger market sentiment as institutional activity and spot demand show growth. CryptoQuant developed the metric to assess Bitcoin conditions by considering critical data like exchange reserves and miner behavior.
“Bitcoin sentiment has reversed. Spot demand has risen, and Bitcoin’s bull market score has increased.
More From Crypto News
Ethereum Foundation’s Latest ETH Sale Draws Criticism
The Ethereum Foundation has drawn fresh criticism following its latest sale of ETH, with observers describing the timing and communication around the transactio...
Strategy Pauses Bitcoin Buys as STRC Buybacks Continue
Strategy’s latest weekly update showed no new Bitcoin purchase reported, while the company continued repurchasing shares of its STRC preferred stock. The diverg...
Bitcoin Tests $80K as $550M Crypto Liquidations Hit
Bitcoin is testing the $80,000 support level as reports of roughly $550 million in crypto liquidations circulate across market data platforms. Whether BTC can h...
Electrum 4.8.3 Fixes Flaw After Bitcoin Theft
Electrum, one of Bitcoin’s oldest and most widely used software wallets, has released version 4. 8.
Zcash ETFs Draw Millions as Bitcoin Falls
Zcash exchange-traded fund products are reportedly drawing fresh capital at a time when Bitcoin is under selling pressure, with inflows described as the largest...
XRP ETF Investors Put In $1.8B, Holdings Now Worth $1.48B
XRP ETF investors have committed approximately $1. 8 billion in capital, but the aggregate holdings value of those products now sits near $1.
