Analyst: Bitcoin Sentiment Index Remains Low, No Clear Signs of New Buying Activity

According to a report by Jinse Finance, CryptoQuant analyst Axel stated on social media that the current reading of the Bitcoin Advanced Sentiment Index has dropped to around 46%, slightly below the neutral threshold of 50%. The chart shows that although bullish sentiment surged to over 80% in early June, the index has since continued to decline—even as the price recently rebounded slightly from $103,000 to $105,000, neither open interest nor net buying volume has provided effective support, and the volume difference remains close to zero. At present, the price is fluctuating within the $103,000–$105,000 range, but there are no clear signs of new buying interest entering the market. For the uptrend to continue, the index needs to rise back to the 60–65% range, which would require synchronized growth in both net active buying volume and open interest. Otherwise, the market may test the support level in the $102,000–$103,000 range.