After investigating the Bitcoin Futures Composite Sentiment Index on the 1-hour time frame, the expert revealed that the metric has flipped back into positive territory. Specifically, this indicator represents the sentiment of the derivatives markets in the very short term based on the 1-hour time frame.
According to the on-chain expert, the key index has turned positive again after 5 days of trending in the negative territory. This shift in traders’ outlook indicates that Bitcoin futures markets are showing signs of renewed optimism.
During the period, the metric dropped below -1 before rebounding into positive territory and pushing BTC’s price. Meanwhile, the ratio has turned positive again after hitting -0.7 on Thursday, indicating a moment of stress and general pessimism. While it is likely to mirror the results from early August, Darkfost stated that this trend must follow the same path, which will be determined in the short term.
