BTC sentiment recovers, but full uptrend yet to materialize

Investor sentiment for Bitcoin has clearly improved, but it is too early to consider the market's entry into a full-fledged uptrend, according to on-chain analyst Axel Adler Jr. He noted that the Bitcoin Futures Advanced Sentiment Index, a composite indicator reflecting price action, open interest, and volume delta, recently rose from 23.4 to 53.1. However, Adler Jr. added that upward momentum remains sluggish compared to the index's past peak of 65.6. He concluded that while selling pressure has eased, a definitive shift into a bull market has not yet occurred.