Bitcoin (BTC) traders are boosting purchases, signaling the start of a perceived long-term recovery. Within 72 hours, several on-chain metrics flagged as red drivers have flipped, fueling the market resurgence. At the time of writing, Bitcoin trades under $75,000 with bulls attempting to break the mark.
Can BSI Decide Q2 2026 Jump?
The Bull Score Index has pumped new momentum to traders looking to steer Bitcoin’s course. After months in the red zone, the metric is now at the highest level since October 2025. Within 12 hours, it surged above 40, entering neutral territory.
On-chain analysts explained the possible implications when viewed in a broader context. The BSI coincides with a price uptick above $74,000, pointing to a gradual improvement in trading conditions. In October, Bitcoin was relatively bullish as investors ramped up assets for crypto treasuries and other offerings.
This is a stark contrast to present conditions, as the metric crept above 40 once more. Bulls opine a gradual recovery following weak momentum and risks that liquidate retail and institutional traders. While in neutral levels and different from the Q4 2025 uptick, the charts don’t show clear signs of weakness.
In addition to the BSI metric, other on-chain factors have supported a price rebound over the past few months. Bitcoin trading volume has constantly exceeded the altcoin trading volume threshold for two months. Furthermore, short-term holders might be selling into the top crypto rise, allowing larger holders to pick up assets toward long-term gains.
 
Historically, a crypto rebound has been driven by multiple strategies at different investor levels. Retail and short-term traders tend to seek early profits to hedge prior losses, while whales absorb those positions. A look at on-chain data shows this pattern of profit-taking from short-term holders.
“For now, any price bounce is being treated as an exit opportunity, whether in profit or at a loss. This reflects a lack of confidence in the sustainability of the move, with participants preferring to reduce exposure rather than hold through volatility. Yesterday, profit-taking clearly dominated, with 61,000 BTC transferred to exchanges in profit…” crypto analyst Darkfost added.
On the flip side, metrics, including the BSI, are still short of ultra-bullish levels but are in a transition phase toward a recovery. Bitcoin price is up 2.8% this week while the wider market moves sideways.
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