Glassnode co-founder predicts a decline in advance: BFI weakness is usually an early warning signal
On December 6th, Glassnode co-founder @Negentropic_ posted on social media last night (21:31) stating that as Bitcoin broke through $100,000, its Basic Fundamental Index (BFI) began to weaken. This indicator usually sends out early warning signals which are hard to ignore once confirmed. For instance, every time Bitcoin reached a local high in the first quarter of this year, the BFI indicated an exit opportunity before BTC price made significant adjustments. Currently, Glassnode will continue to monitor this indicator but the bull market is still ongoing.
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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