06:49
Analyst: The market is currently in a neutral to bearish tone, and the current capital flow has not confirmed the market's risk appetite.
Golden Finance reported that Cryptoquant analyst Axel Adler Jr released a market analysis indicating that the current market is in a neutral to bearish tone:
Both the price and derivative flows are below 50. Although the active buying (taker flows) remains negative and weak, any price rebound is more likely to be a return to the fair value of $113,000 / the mid-range of the 30-day period, rather than the start of a new trend.
Essentially, the current flow of funds has not confirmed the market's risk appetite. The recent bullish scenario is a technical rebound to $113,000 to $115,000, accompanied by stable fund flows. To achieve a market reversal, we need the flow to be above 55 and the price index above 50. Until these conditions are met, there is a risk of repeatedly testing the lower edge of the market.