Glassnode co-founder: The steepest bearish signal has appeared since the halving in April, negative signals are worth being vigilant about
According to Negentropic, co-founder of glassnode, on social media platforms, the price momentum is recovering after last week's decline. This is the steepest bearish signal turn since the halving in April.
To confirm further declines, we need a surge in risk - observe how rising risks align with falling momentum.
Key change: The risk index that has been maintained at 0 since September has now jumped to 12. This may indicate future volatility. Bitcoin is currently fluctuating between $92,000 and $100,000 but negative signals are worth noting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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