Bitcoin's Monday pump in 7 Sanbase charts

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Ibis
Apr 27, 2021


Bitcoin has gained +9.7% in the past 24 hours, trading at $53.6k at the time of writing. Here are 7 charts outlining the top coin's start to the week.


Network activity remains sluggish, with another day below 1m active addresses:

Breakeven funding rates across CEXes suggest lack of bullish bias among derivatives traders:

Crowd sentiment is already back to positive with BTC's +9% pump:

No spikes in Bitcoin's Network Profit/Loss suggests 'wait and see' approach by most holders:

Long-term BTC holders are staying put for the time being:

Bitcoin's 30-day MVRV signaled a potential for bounce back, as I mentioned in our weekly report"

Still no signs of accumulation by large BTC addresses (100-10,000 BTC)


Stay safe out there!

BTC
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Ibis
Apr 27, 2021

Thanks for reading!

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Conversations (3)

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PxlogPx

21 days ago

Bull trap ?

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<email hidden>

21 days ago

hey man, does this generally mean we're ahead of another dip because there is a lot of uncertainty IMO among hodlers.

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zatsepin

20 days ago

Or maybe altcoin time ;)