Bitcoin Stress Index Hits 16 as Market Nervousness Rises
Bitcoin's Local Market Stress Index has risen to 16 for the second time in three days, according to CryptoQuant analyst Axel Adler Jr.
The index is driven almost entirely by price movement, with exchange flows and derivatives leverage showing no participation in the move.
This recent spike is roughly one-third the size of the July 28 reading, when the index reached 52 and entered the 'Elevated' zone.