Analyst: Bitcoin Sentiment Index Remains Low, No Clear Signs of New Buyers Entering the Market Yet

BlockBeats News, on June 14, CryptoQuant analyst Axel posted on social media that the current Advanced Sentiment Index for Bitcoin has dropped to approximately 46%, slightly below the neutral threshold of 50%. The chart indicates that although bullish sentiment in the market surged above 80% in early June, the index has since continued to decline—even with a recent price rebound from $103,000 to $105,000, both the open interest and net buying volume have failed to provide effective support, and the trading volume delta remains near zero.

At present, prices are oscillating within the $103,000–$105,000 range, but no clear signs of significant new buying entries have emerged. For the upward momentum to sustain, the index needs to climb back to the 60-65% range, which would require synchronous growth in net active buying volume and open interest. Otherwise, the market may test the support levels in the $102,000–$103,000 range.