BlockBeats news, on June 14, CryptoQuant analyst Axel posted on social media that, according to the Bitcoin Senior Sentiment Index, the current reading has dropped to about 46%, slightly below the neutral threshold of 50%. The chart shows that although bullish sentiment in the market surged to over 80% earlier in June, the index has continued to decline since then—even as prices recently rebounded slightly from $103,000 to $105,000, both open interest and net buying volume have not formed effective support, with the volume difference remaining close to zero.
The current price remains fluctuating in the $103,000-$105,000 range, but there are no obvious signs of new buying pressure. To sustain the upward trend, the index needs to rise back to the 60-65% range, which requires synchronized growth in net active buying volume and open interest. Otherwise, the market may test the support level in the $102,000-$103,000 range.
