Glassnode co-founders: BTC correction nearing critical inflection point

Bitcoin has reached a critical inflection point that will determine whether its current correction is ending or will deepen, according to an analysis by Negentropic, the X account of Glassnode co-founders Jan Happel and Yann Allemann. The analysis focuses on a Risk Index that measures profit-taking pressure in the market, where a high reading indicates strong selling pressure and a low reading suggests seller exhaustion. Historically, major BTC corrections have often concluded after this index falls below 25 and approaches zero. The analysts noted that the index is currently nearing this critical threshold. They stated that price action at the current level will be a key determinant, deciding if this is a mid-cycle correction similar to that of April-May 2025 or the start of a more significant downturn. A daily close above $94,700 would signal a potential short-term bullish reversal and could support a scenario of a new all-time high within the next four to eight weeks.