Crypto
Glassnode Flags Zero Risk as Bitcoin Soars Past $79K
Bitcoin has broken through $79,000 after Glassnode's risk index dropped to zero. This reading indicates a low level of systemic risk and points to further upside for BTC.
Glassnode's proprietary Risk Index measures systemic risk on a scale from 0 to 100, and is currently at its lowest possible level. The Moderate Strategy tracker has also flipped from 'Moderate' to 'High Confidence', signaling a bullish regime.
The market intelligence firm pointed out sustained inflows into Bitcoin ETPs and aggressive demand from spot buyers as support for the price increase.