Bitcoin’s (CRYPTO: BTC) tapped $116,000 before retracing below $115,000 on Monday, signaling that fresh catalysts may be needed to lift sentiment as weakening metrics signal a potential pullback.
What Happened: Glassnode data highlights strong momentum in the spot market, with the relative strength index entering overbought territory.
Futures markets reflected higher activity, open interest climbed and buy-side flows picked up, yet weaker funding rates tempered demand for longs, the firm detailed in its …