glassnode Lianchuang: The steepest bearish signal since the halving in April has appeared, and negative signals are worth vigilance
Negentropic, a partner of glassnode, stated on social media that the price momentum is recovering after last week's decline, which is the steepest turn to a bear market signal since the halving in April. In order to confirm further declines, we need a risk surge - observing how the rise in risk aligns with the decline in momentum.
Key changes: The risk index, which has remained at 0 since September, has jumped to 12. This may indicate future volatility. Bitcoin is currently fluctuating between $92,000 and $100,000, but negative signals should be taken seriously.
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.
You may also like
Notice on Bitget CFD system maintenance
Bitget PoolX to list NIGHT(Phase 3): Lock BTC & ETH to share 9,000,000 NIGHT
CandyBomb x NIGHT: Trade to share 2,000,000 NIGHT
Bitget to support USDGO in multi-asset mode for USDT-M Futures
