Bitcoin's bull score index just left bear territory. There's a warning attached.

The index has returned to neutral territory, a rare milestone that has historically marked market turning points, but not always correctly. What to know : CryptoQuant’s Bull Score Index has flipped to a neutral 50 for the first time since BTC peaked above $126,000, signaling a potential shift in market regime. The index, which blends ten on-chain metrics, shows an even split between bullish and bearish signals, typically marking a transitional phase rather than a confirmed trend. However, a similar neutral reading in March 2022 proved false, with prices later collapsing sharply, raising caution despite improving on-chain conditions.