Analyst: Bitcoin sentiment index remains low, with no obvious signs of new buying on board.

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BlockBeats News: 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%, just below the neutral threshold of 50%. The chart shows that while bullish sentiment surged above 80% in early June, the index has continued to move lower since then – even with a recent slight rebound from $103,000 to $105,000, open interest and net buying have not been effectively supported, and the volume spread remains close to zero. At present, the price remains in the range of $103,000-$105,000, but there is no obvious sign of new buying. For the rally to continue, the index will need to return to the 60-65% range, which will require net active buying to grow in tandem with open interest. Otherwise, the market could test support in the $102,000-$103,000 range.

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Youduoduovip
· 15h ago
BlockBeats news, on June 14, CryptoQuant analyst Axel posted on social media that according to the Bitcoin Advanced Sentiment Index, the current reading has fallen to about 46%, slightly below the neutral threshold of 50%. The chart shows that although bullish sentiment in the market surged to over 80% at the beginning of June, the index has continued to decline since then - even though recent prices have slightly rebounded from $103,000 to $105,000, both open interest and net buying volume have not formed effective support, and the difference in Trading Volume is still close to zero. Currently, prices are oscillating in the $103,000-$105,000 range, but there are no clear signs of new buying activity getting on board. To sustain the rise, the index needs to rebound back to the 60-65% range, which requires net active buying volume and open interest to increase simultaneously. Otherwise, the market may dip to the support level in the $102,000-$103,000 range.
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BTCHighYieldSuperStableTradingvip
· 15h ago
Steadfast HODL💎
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