Summary
- The Glassnode founder reported that while Bitcoin rebounded from $93,500 to $95,000, there is a lack of spot trading volume.
- He stated that the current Risk Index is warning of additional declines.
- He added that $92,000 will become a major downside support level.
Despite Bitcoin (BTC)'s price recovery, claims have emerged that additional declines may occur.
On the 19th (local time), Negentropic, the Glassnode founder's account, stated via X that "Bitcoin rebounded from $93,500 to recover $95,000," but added that "the weak rebound suggests a current lack of BTC spot trading volume." He further noted that "the Risk Index is warning of additional declines" and added that "$92,000 will be a major downside support level."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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