Glassnode Momentum Indicator Rises to 1, Bitcoin Releases Bullish Signal

BroadChain, April 24, 20:48 - On April 24, Glassnode disclosed that the current value of its Vector framework momentum indicator is 1, above the bullish threshold of 0.5, while a value below -0.5 is considered bearish. Meanwhile, the risk index has completely dropped to zero. The institution noted that historically, this signal (blue area on the chart) has corresponded to significant price increases and helped mitigate risks during market downturns.