Glassnode co-founder predicts decline in advance: Weakening BFI is usually an early warning signal

ChainCatcher news, Glassnode co-founder @Negentropic posted on social media last night (21:31) stating that as Bitcoin breaks through $100,000, its Basic Fundamental Index (BFI) begins to weaken.

This indicator typically sends early warning signals, and once confirmed, it is hard to ignore. For example, in the first quarter of this year, each time Bitcoin reached a local high, the BFI indicator marked the exit timing before significant adjustments in BTC price. Currently, Glassnode will continue to monitor this indicator, but the bull market is still ongoing.