The Bitcoin market seems to be on the verge of a crisis, as evidenced by recent developments on the chain. According to this latest analysis, the price of Bitcoin shows few signs of a clear movement, uncertain as it is.
Bull Score Index within Neutral Territory
In a X post on May 2, pseudonymous market expert Darkfost reveals that Bitcoin is in a phase change, based on the reading of the Bitcoin Bull Score Index.
In other words, this metric measures overall market strength by combining key indicators – such as volume, demand, activity, and sentiment – into a single value that indicates whether conditions are bullish or bearish. According to Darkfost, the Bull Score stands at 50 on the metric, a level that market analysts write about as neutral. In particular, although the ’50’ reading is considered a short-term trend indicator, it does not indicate a market trend.
We can clearly see on this chart the Bitcoin exchange rate is here.
Being caught between breaking and continuing to improve.
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This Bull Score Index is an integrated map that combines several indicators related to the volume of money, demand, activity, and… pic.twitter.com/NlhSDRdjtT
– Darkfost (@Darkfost_Coc) May 2, 2026
The calculation of the bull index is supported by the combination of three events on the chain. First, although demand may exist in the market, it is still too weak to be the cause of Bitcoin’s price. Secondly, many Bitcoin investors still have unrealized losses. The combination of low demand and large unrealized losses also reduces the likelihood of prices seeing significant pressure. This is because investors are being forced to exit their positions rather than being encouraged to hold or add more.
This third dynamic is the event that very few investors are holding as they accumulate profits in their pockets. This is an important metal to evaluate, because healthy strong markets are often characterized by high returns for investors. As such, there is more confidence in holding their positions and doing more in the name of Bitcoin.
Bitcoin To Restart The Bull Run?
Darkfost says that Bitcoin is still evolving into a popular form. But even if this were to happen, the researcher says that we still cannot say that a new cow has started. To be on the safe side, it would be wise, suggests the expert, to see the movement as a recovery only within the extended process of repair. At press time, Bitcoin trades at $78,828. According to data from CoinMarketCap, the world’s largest cryptocurrencies have risen by 0.86% in the last 24 hours.
