Bitcoin’s price achieved a historic peak of $103,679, but its subsequent decline of 6.8% has raised concerns. Founders of the crypto analysis platform Glassnode, Jan Happel and Yann Allemann, issued warnings about a significant market correction. Weakness signals in the Bitcoin 
$98,108 Fundamental Index (BFI) suggest potential risks in the market.
Rising Risks in Bitcoin Fundamental Index
Glassnode’s Bitcoin Fundamental Index is a crucial indicator that examines fundamental data in the market. This index evaluates factors such as wallet activities, on-chain transaction volume, and investor behavior, offering critical insights into market health. Recently, however, a noticeable decline has been observed in the index.
Happel and Allemann stated, “Bitcoin has surpassed the $100,000 level, but the BFI is signaling a downturn. This indicator typically provides early warning signals that become hard to ignore once validated.” The weakening of the index is seen as a significant factor in...
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