CryptoQuant: Bitcoin Advanced Sentiment Index falls below the neutral line, triggering a "leverage-driven pullback" after reaching a high of $97,000

CoinVoice has learned that CryptoQuant analyst Axel posted on social media that the “Bitcoin: Advanced Sentiment Index” has risen to approximately 80% in the extreme bullish zone, coinciding with the price approaching a local high of $97,000. Meanwhile, the index has sharply dropped to 44.9%, breaking below the 50% neutral threshold from above. During this morning’s decline, the one-hour forced liquidation amount exceeded $205 million. The spot oscillator surged to +97.96%, indicating that forced liquidations are almost entirely dominated by long positions. The scale of forced liquidations suggests this was a forced closure rather than active selling, typical of the “liquidation cascade” pattern in overheated markets. If the forced liquidation volume continues to decline over the next few hours, it signals that the deleveraging process is nearing completion. Axel explained that the “Bitcoin: Advanced Sentiment Index” composite index combines volume-weighted average price, net active trading volume, open interest, and the volume difference between longs and shorts. Falling below the neutral line indicates a shift in market structure and deteriorating risk quality. Reclaiming and maintaining above 50% will be the first sign of market stabilization; further decline toward the high bearish zone at 20% could trigger deeper correction risks.