Bitcoin's Monday pump in 7 Sanbase charts
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!