Glassnode Lianchuang: There has been the steepest bear signal since the halving in April, and the negative signal is worth watching out for
According to glassnode Negentropic on the social platform, price momentum is recovering after last week's decline, which is the steepest turn to a bear market since the halving in April. To confirm further declines, we need a risk spike - watch how the risk rise aligns with the momentum decline.
Key change: The risk index, which has remained at 0 since September, has jumped to 12. This could be a sign of future volatility. Bitcoin is currently trading between $92,000 and $100,000, but the negative signals emerging are cause for concern.