Analyst: Bitcoin short-selling pressure has been digested; position metric returns to neutral.

According to Odaily Planet Daily, CryptoQuant analyst Axel Adler Jr. wrote that the Bitcoin Position Index measures the aggressiveness of bullish and bearish forces in the futures market. After a period of significant bearish pressure, the indicator has returned to neutral territory. He pointed out that after a brief slowdown and absorption of recent volatility, the overall market structure is becoming healthier.