Bitcoin has traded in a tight range between $69,000 and $70,000, showing signs of easing bearish pressure. Key indicators like the Bull Score Index have risen to their highest level since October 2025, suggesting a shift in sentiment. Analysts note reduced selling pressure and a growing correlation with traditional markets, which could amplify Bitcoin’s next price move.
Bitcoin has hovered near a critical range, trading between $69,000 and $70,000 without a decisive move. The market dynamic appears to be softening, potentially tilting toward a bullish direction as several key indicators begin to flip.
The Bitcoin Bull Score Index, a gauge for market sentiment, rose to 30 over the past day. This marks the highest reading recorded since October 2025, suggesting bearish pressure is beginning to ease. Analyst Julio Moreno stated the shift developed gradually and reflects improving capital inflows.
“Bull flags that turned on were: exchange flows, stablecoin liquidity growth and price momentum,” Moreno noted. He cautioned that the change moves sentiment from “extremely bearish” to “bearish” but does not yet confirm a sustained rally. Social sentiment also improved following the mining of Bitcoin’s 20 millionth token earlier this month.
Bitcoin could see stronger price reactions due to its growing correlation with traditional financial markets like the S&P 500. The CBOE Volatility Index (VIX) held a reading of roughly 30, indicating a moderately volatile phase. Historically, Bitcoin tends to react more aggressively than equities during market movements.
Current spot market activity shows a noticeable reduction in selling pressure. Net inflows from selling activity have decreased by about $53 million over the past few days, standing at roughly $24 million recently. Over a broader 30-day timeframe, approximately $1.70 billion worth of Bitcoin has been acquired from centralized exchanges.
