ChainCatcher message, Glassnode co-founder Negentropic provided an in-depth analysis of the Swissblock Bitcoin Fundamental Index (BFI) on social platforms. He pointed out that Bitcoin's liquidity is currently continuing to weaken, but network growth remains stable. This situation is quite similar to the phase and price trends from December 2020 to February 2021.

During that period, liquidity outflows led to price adjustments, but the sustained network growth laid the foundation for future price rebounds. Negentropic believes that once new liquidity returns to the market, Bitcoin prices could rebound strongly. Furthermore, as long as network growth remains at bullish levels, prices are unlikely to drop to lower points. This analysis provides investors with a perspective to observe market dynamics.