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Glassnode: The steepest bearish signal since the Halving in April has appeared, and the negative signal is worth paying attention to.
Jinse Finance reported that according to Negentropic, a co-founder of glassnode, on social media, 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. To confirm further decline, we need a risk surge - observe 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 may indicate future volatility. Bitcoin is currently fluctuating between $92,000 and $100,000, but the negative signals that have emerged are worth noting.