Bitcoin network pressure index back to very low, market or observation stage

Joao Wedson states that the Bitcoin network pressure index has fallen back to extremely low levels. This indicator combines transactional behaviour, arithmetical fluctuations and dynamic supply fluctuations. Historically, very low levels of network pressure have usually occurred near major market turning points, followed by volatile expansion in several cases. While this does not indicate that the next step will rise or fall, it suggests that the market may again enter a phase that deserves close attention。