Glassnode predicts a decline in advance: BFI weakness is usually an early warning signal
On December 6th, Glassnode co-founder @Negentropic_ stated in a social media post (at 21:31) that as Bitcoin broke $100,000, its Basic Fundamentals Index (BFI) began to weaken. This indicator typically issues early warning signals that are difficult to ignore once confirmed. For example, during the first quarter of this year, the BFI index indicated the exit time before significant adjustments were made to BTC prices at each local high point. Currently, Glassnode will continue to monitor this indicator, but the bull market is still ongoing.
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