Analyst Darkfost said on Oct. 6 that Bitcoin’s Bull Score Index currently stands at 80/100, keeping the market in a clearly bullish range. He said several indicators are still supporting the current upward momentum in BTC.
At the same time, Darkfost pointed to spot demand as the main lagging indicator in the market. According to his assessment, spot trading volume remains limited and there is still no clear sign of strong spot demand returning.
He described that gap as a key missing element in Bitcoin’s current market structure. In his view, spot demand is also typically one of the last indicators to improve during a broader rally, which leaves it as an important point to watch even as the broader bullish reading stays intact.
On Oct. 6, analyst Darkfost said Bitcoin’s Bull Score Index currently stands at 80/100, keeping it in a clearly bullish range, with several indicators still backing the current upside momentum.
Even so, spot demand remains the main lagging indicator. Darkfost said spot trading volume is still limited, and the market has yet to show clear spot demand.
In his view, that remains a key missing factor in Bitcoin’s current market setup. He added that spot demand is usually one of the last indicators to improve.
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