The index shows a recovery after months of weakness and high volatility.
The market remains in a neutral phase, far from euphoria.
The index “bull score” bitcoin (BTC) reached its highest level in six months on April 15, 2026, reflecting an improvement in market strength after a prolonged period of volatility and weakness.
This indicator provided by CryptoQuant evaluates metrics on-chain and market to evaluate the strength of bitcoin. These include investor profitability signals (whether they are selling at a profit or loss), flow data to exchanges, behavior of short- and long-term holders, and liquidity and demand variables within the network.
As seen in the previous graph, the black line that represents the price of BTC, while the bars in blue tones show the level of market strength on a scale from 0 to 100.
The background is divided into three zones: an upper one in green, which indicates bullish conditions; an intermediate one, which marks a neutral phase; and a lower one in red, associated with bearish markets.
In periods such as 2020–2021 and part of 2024, when the indicator remained mostly above 60, The price of BTC accompanied sustained increases.
During 2022 and some sections of 2023, when the index fell below 40, bearish phases and weakness predominated in the market.
In the last part of the graph, corresponding to 2026, it is observed that the bull score It is very close to 40 points, its highest level since October 2025. However, the indicator is still located in the neutral zonesuggesting that the market is in a transition phase.
This reflects that the market has managed to leave behind some of the recent weakness, although it is still far from a scenario of bullish euphoria. As CriptoNoticias has reported, this behavior occurs in a context in which investors also closely follow macroeconomic and geopolitical factors. Wholesale inflation in the United States recently stood at 4.0% year-on-year, while the war in the Middle East continues to generate uncertainty in the markets, especially due to its impact on energy prices through the Strait of Hormuz.
Although the index «bull score» shows positive signs, we will have to see how the conflict in the Middle East develops to determine if BTC manages to consolidate its recovery or remains in a consolidation stage.