According to Milk Road, the Bull Score Index has dropped to 20 based on data attributed to CryptoQuant and analyst @jjcmoreno, source: Milk Road on X on Aug 27, 2025; CryptoQuant via @jjcmoreno. Milk Road stated that in past bear markets the index stayed around this low level for more than 60 days, source: Milk Road on X on Aug 27, 2025. They also noted the current sub-20 stretch has lasted only two days so far, making it too early to call but worth monitoring, source: Milk Road on X on Aug 27, 2025. For trading, the key watch is whether the sub-20 reading persists over multiple weeks, since prolonged lows previously coincided with bear market phases per the historical context cited, source: Milk Road on X on Aug 27, 2025.

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