- Integral index at 43% indicates bearish conditions, though reduced amplitude suggests selling pressure is no longer at peak strength.
- Bitcoin price trades at a 3% discount to fair value of $115K, highlighting a market near neutral territory.
- Absence of sustained bullish regimes allows potential short-term technical bounces toward $115K without a full market reversal.
Bitcoin market dynamics currently show a mildly bearish trend as price movements hover near $111K. The market is close to a neutral state, suggesting neither extreme buying nor selling pressure dominates.
Market Balance Shifts Toward Bearish
According to Axel Adler Jr, the integral market index currently stands at 43%, just below the 45% threshold separating neutral and bearish conditions. Red segments dominate the market, indicating prevailing selling activity, though their intensity has decreased compared to recent lows.
The analysis points to a market where sellers no longer hold peak strength. This soft bearish condition leaves room for potential improvement if derivatives flows align in a coordinated manner over several hours.
Price Trading Slightly Below Fair Value
Bitcoin’s current $111K price trades at a 3% discount to its estimated fair value of $115K, according to Axel Adler Jr’s report. No sustained bullish periods are visible, reinforcing the predominance of selling pressure over buying momentum.
Despite the overall bearish tone, the reduced amplitude in the integral index indicates that extreme downward movements are currently limited. Technical bounces toward $115K remain possible in the short term without a full market reversal.
Potential for Neutral Shift
The market is positioned at a threshold where slight improvements in derivatives flows could shift conditions toward neutral or mildly bullish. Axel Adler Jr notes that sustained buying in key segments could quickly alter the balance.
If such improvements do not occur, the market is likely to continue in a scenario of gradual technical recoveries rather than a major upward reversal. Analysts will continue to monitor integral index changes and price movements for confirmation.
