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We investigate the dynamic characteristics corresponding to the structural fluctuations of a cantilever suspended in a turbulent flow. To investigate the intricate dynamics of the flow–structure interaction, first, we explore the ability of network analysis to identify the different dynamic states and probe the viability of using quantifiers of network topology as precursors for the onset of limit-cycle oscillations. By increasing the Reynolds number, we observe that the structural oscillations, measured using a strain gauge, transition from low-amplitude chaotic oscillations to large-amplitude periodic oscillations associated with limit-cycle oscillations. We characterize the dynamic states of the system by constructing the weighted correlation network from the time series of strain and identifying the network properties that have the potential to be used as precursors for the onset of limit-cycle oscillations. Furthermore, we use Pearson correlation to illustrate the evolution of mutual statistical influence between the structural oscillations and the flowfield. We use this information and the Granger causality to identify the causal dependence between the structural oscillations and velocity fluctuations. By identifying the causal variable during each regime, we illustrate the directional dependence through a cause–effect relationship in this flow–structure interaction as it transitions to limit-cycle oscillations.