Is BTC's rebound insincere? Holding enthusiasm is lukewarm, and the sentiment index has fallen below the warning line!
This wave of Bitcoin rebounded from $103,000 to $105,000, seemingly stable, but in reality, it lacks confidence. Crypto analyst Axel Adler Jr. directly points out the crux of the matter: this rise lacks real buying support.
Data highlights:
The advanced sentiment index has dropped to 46%, below the neutral line of 50%, while it surged to 80% at the beginning of June.
Current holding interest is sluggish, and net buying transaction volume is weak, indicating that real funds have not followed in.
In other words, while the surface shows an increase, there is no one to lift the platform behind the scenes.📉
Adler believes:
If we want to exit into a sustained trend, the sentiment index needs to return to the 60-65% range, and we must see a significant increase in holding interest and net orders;
Otherwise, Bitcoin may have to revisit the $102,000 area to re-confirm support.
The current range-bound fluctuation is more like a combination of "boredom + no one dares to act," with sentiment retreating too quickly, enthusiasm not cooling down, and money not coming in.
