Negentropic, a partner of glassnode, stated on social media that 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. In order to confirm further declines, we need a risk surge - observing how the rise in risk aligns with the decline in momentum.

Key changes: 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 negative signals should be taken seriously.