CryptoQuant Analyst: Bitcoin Position Index Currently in Neutral State

According to Foresight News , CryptoQuant analyst Axel Adler Jr tweeted, "The Bitcoin Positioning Index is currently in a neutral state after experiencing strong short-selling pressure. The market is slowing down slightly to digest what just happened, which is a good thing for the market."

Note from Foresight News : The Positioning Index is an indicator used to measure the overall positioning direction and strength of the Bitcoin futures market. It reflects the aggressiveness of market participants in opening long or short positions.