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Analyst: Bitcoin Bull Market Index Shifts from "Bullish Cooling" to "Neutral"
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According to ChainCatcher, CryptoQuant Head of Research Julio Moreno stated, "The Bitcoin Bull Market Index has shifted from the 'bullish cooling' phase to a 'neutral' phase, with the index dropping from 70 to 50."
From a risk management perspective, if the index continues to weaken, it suggests that the price of Bitcoin may continue to decline."
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