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Analyst: Bitcoin position indicator returns to neutral, market digests strong bearish pressure
On November 17, CryptoQuant analyst Axel Adler Jr. stated, “The Bitcoin Position Index measures the overall direction and strength of the futures market, specifically the aggressiveness of participants in going long or Short. After experiencing strong bearish pressure, this indicator has now returned to a neutral level. The market has slightly slowed down to digest the recent changes, which will be healthier for the market.”