Bitcoin's Psychology Index Signals Oversold Conditions at 32.8 Today, Sangsangin Recommends Staged Buying

According to Sangsangin Securities, Bitcoin's Sentiment Index fell to 32.8 on July 11, signaling oversold market conditions but still above the 25 threshold that would confirm a trend reversal. The index, calculated from on-chain data and capital flows, classifies readings below 25 as a buy zone and above 75 as a sell zone. Bitcoin's current price of $63,000 remains above the estimated entry point of $56,700, with extreme bottom levels of $47,700–$50,400 corresponding to the 10–15 index range.

Kim Kyung-tae, analyst at Sangsangin Securities, recommended a staged buying approach, treating index readings below 25 as the first accumulation phase and the 10–15 range as aggressive accumulation. The delay in trend reversal is attributed to regulatory uncertainty surrounding the CLARITY Act classification framework, which remains pending in the U.S. Senate following House passage.