TechFlow news, June 14 — According to CryptoQuant analyst Axel's post on social media, the Bitcoin Advanced Sentiment Index has dropped to around 46%, slightly below the neutral threshold of 50%. The chart shows that although market bullish sentiment surged above 80% at the beginning of June, the index has been continuously declining since then—even as prices recently rebounded slightly from $103,000 to $105,000, open interest and net buy volume have failed to provide effective support, and the volume difference remains close to zero.
Prices are currently fluctuating within the range of $103,000–$105,000, but there are no clear signs of significant new buying entering the market. For the upward trend to continue, the index needs to rise back into the 60–65% range, which would require simultaneous growth in net active buying and open interest. Otherwise, the market may test support levels between $102,000 and $103,000.
