$BTC Sentiment Still Weak, No Sign of Fresh Buyers Yet

On June 14, CryptoQuant analyst Axel noted that the Advanced Sentiment Index for $BTC has dropped to around 46%, dipping below the neutral 50% level. While bullish sentiment hit over 80% in early June, it has steadily declined since then.

Even though $BTC bounced from $103,000 to $105,000, both open interest and net buying volume failed to provide meaningful support. The trading volume delta remains flat, and no strong signs of new buying activity have emerged.

For a bullish reversal, the index needs to climb back to the 60–65% range, supported by rising net active buying and open interest. Otherwise, $BTC might revisit the $102,000–$103,000 support zone.