According to a recent report from CryptoQuant, Bitcoin's Bull Score has dropped to its lowest level in two years, raising questions about the future price trend. With a 23% drop from its recent peak, Bitcoin is raising concerns among investors about the possibility of a continued downtrend or just a temporary correction in a long-term bull cycle.

Bull Score Reflects Weak Market Sentiment
The Bull Score, a measure of market conditions based on ten factors such as network activity, investor interest, Bitcoin demand, and liquidity, currently stands at 20. This is the lowest level since January 2023. On a scale of 0 to 100, this level represents a weak market environment, compared to levels above 60 that are typically associated with strong bullish trends.

Analysts say that a reading below 40 typically signals a sustained bear market. A drop to 20 suggests that the market is experiencing a period of severe weakness, which could be a sign of a new bear cycle rather than just a temporary pullback.

A clear downtrend since early 2025
CryptoQuant points out that since mid-February 2025, key market indicators have turned bearish. In particular, the CryptoQuant network activity index has remained negative since December 2024. This indicates a significant decline in on-chain activity, a key factor that often fuels sustained bull cycles.

Market history also shows that periods where the Bull Score remains below 40 are often accompanied by short-term price recoveries interspersed with sustained bearish pressure. Analysts warn that if the Bull Score fails to rise to a critical level, Bitcoin could continue to face downward pressure in the near term.

Impact of Weak Network Activity
Weak network activity not only reflects a decline in investor confidence but also directly affects market liquidity. As network interaction decreases, the number of potential buyers also decreases, leading to a limited recovery in Bitcoin prices. This could lead to a sideways or deeper bear market.

Predicting Bitcoin Cycles Based on History
Previous Bitcoin cycles have shown that weakening bullish metrics have often preceded extended corrections. The current low in the Bull Score is a warning sign for investors, highlighting the need for caution in investment decisions.

Conclusion
While Bitcoin has recovered strongly after major corrections, current metrics from CryptoQuant suggest that the market is in a less optimistic state. If the Bull Score does not increase soon, Bitcoin may continue to face downward pressure. In this context, investors need to carefully consider and closely monitor market indicators to make appropriate decisions.

Frequently Asked Questions
1. What does a weaker Bull Score mean for Bitcoin?

A weak score reflects declining investor confidence and a lack of price-supporting transactions, which may lead to prolonged correction periods.

2. How does reduced network activity affect Bitcoin price?

Low network interaction limits liquidity, leading to fewer buyers and making it difficult to sustain bullish momentum.

3. Can historical cycles help predict the future of Bitcoin?

Historical data shows that bearish periods often appear when bullish metrics are weak, providing a basis for predicting potential market trends.