Bitcoin Short-Term Market Pressure Index Rises to 16

Odaily Planet Daily report: Axel Adler Jr., an analyst at CryptoQuant, stated that the Bitcoin short-term market pressure index has risen to 16, marking its second increase in three days. The rise in this index is almost entirely driven by price factors, as exchange flow and derivatives leverage data have not shown a corresponding increase in selling pressure, preventing further upward movement. On July 28, the index reached 52, entering the "elevated" range; the current increase is approximately one-third of that previous level. The pressure index consists of three components: price pressure, flow pressure, and leverage pressure, with price pressure currently dominating—it measures the degree to which price deviates from the 90-day average. Historical data shows that the index only rises above 50 when exchange flow pressure increases, indicating significant inflows of Bitcoin into exchanges.