PANews reported on June 14 that CryptoQuant analyst Axel Adler Jr. tweeted that the current Bitcoin Sentiment Index (Advanced Sentiment Index) has fallen to about 46%, just below the neutral level of 50%. The chart shows that after bullish sentiment peaked at more than 80% in early June, the index gradually fell; despite the recent slight increase in prices from $103,000 to $105,000, positions and net buying failed to support this trend, and the volume increment remained close to zero. The current price remains around $105,000, with no obvious influx of new buying. To resume a sustained upward trend, the index must rebound to above 60% to 65%, which requires both net buying and positions to increase. Otherwise, the market is likely to retest the $102,000 to $103,000 range.