比特币短期市场压力指数升至16交易所资金流未确认抛压

Odaily reported that CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin short-term market pressure index has risen to 16, marking the second rebound in three days. The rise in the index is almost entirely driven by price factors. Exchange flows and derivatives leverage data do not simultaneously show an increase in selling pressure, hence the index has not climbed further. On July 28, the index touched 52, entering the "elevated" range, and the current increase is about one-third of that previous rise. The pressure index consists of three components: price pressure, flow pressure, and leverage pressure. Currently, price pressure is the dominant factor, measuring the deviation of the price from its 90-day moving average. Historical data shows that the index only rises above 50 when exchange flow pressure—i.e., significant inflows of Bitcoin into exchanges—is present.