CryptoQuant’s Bull Score Index Falls to 60 as Bitcoin (BTC) ETFs Draw $176 Million

CryptoQuant research head Julio Moreno said Bitcoin (BTC) spot demand continued to contract even as U.S. spot funds attracted $176 million Tuesday, Oct. 27, while the firm’s Bull Score Index fell from 90 to 60. BlackRock’s IBIT accounted for $151.5 million of the day’s inflows, and Fidelity’s FBTC added $24.5 million. The gains extended an inflow streak to two sessions after the funds took in $110.3 million Monday, Oct. 26. The two sessions brought in $286.3 million, less than half of the $773.5 million withdrawn on Oct. 22 and 23. Funds lost $635.6 million on Oct.