Analyst: Bitcoin sentiment index remains low, no new buying signs

On June 14, CryptoQuant analyst Axel posted on social media that according to the Bitcoin Advanced Sentiment Index, the current reading has dropped to about 46%, slightly below the neutral threshold of 50%. The chart shows that although the market bullish sentiment soared to more than 80% in early June, the index has continued to fall since then - even though the recent price rebounded slightly from $103,000 to $105,000, neither open interest nor net buying volume has formed effective support, and the volume difference is still close to zero.

Currently, the price remains in the range of $103,000-105,000, but there are no obvious signs of new buying. For the rally to continue, the index needs to rise back to the 60-65% range, which requires net active buying volume and open interest to grow simultaneously. Otherwise, the market may test the support level of $102,000-103,000 range. $BTC #bitcoin