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 reports that Cryptoquant analyst Axel Adler Jr has released a market analysis indicating that the market is currently in a neutral to bearish tone: The price and derivatives volume are both 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/mid-range of $113,000 over 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 fund flows (Flow) above 55 and the price index (Price Index) above 50. Until these conditions are met, there is a risk of repeatedly testing the lower bound in the market.