On Growing Market Inertia - and What Might Help Break it (Santiment Weekly Pro Report)

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Ibis
Dec 5, 2020


Collective balance of addresses holding 1k-10k BTC (brown), last 3 months (Source: Sanbase)

While Bitcoin was quick to recover from last week’s dip, the wavy price action seems to have deflated market expectations and squashed the ATH hype.


For the most part, hard data appears to confirm this as well. As we’ll explore below, there have been growing signs of market indecision taking form in Bitcoin’s fundamentals since the start of the week.


And while the next move looks undecided as of yet, there’s a number of metrics that might help reveal it in days to come. We cover it all, in this week’s Pro report:


Inertia takes over


As BTC reclaimed the $19k mark to start the week, a number of indecision markers have begun to emerge in top coin’s fundamentals.


On December 1st - right as Bitcoin broke

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Assets from this insight

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BitcoinBTC

$ 36624.73

5.02%in last 7d
0