Glassnode: Bullish Bitcoin Quantitative Model Triggers Clear Uptrend Signal

BlockBeats News, April 24, Glassnode released an analysis pointing out that for the bullish Bitcoin, its Vector quantitative model has triggered a clear signal, with momentum reaching 1 to trigger a bullish indicator, while the risk index in the model is 0. Historically, this signals an imminent significant uptrend.

The Vector quantitative model is Glassnode's trading model used to assess Bitcoin trends (momentum) and risk. It outputs two key numbers: momentum to measure the strength of an uptrend or downtrend, and the risk index to gauge whether the market is overheated, in a bubble, or about to pull back. Currently, Bitcoin is in a strong uptrend state (momentum=1) with no overheating risk (risk=0).