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US crypto executive order looms — 5 things to watch in Bitcoin this week -Breaking

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© Reuters.

(BTC) starts a new week with a bang — but not in the right direction for bulls.

Despite a promising weekend, there were warnings about spurious price movements outside of business hours. These alerts proved to be timely and the pair fell over $1,000 at the close.

Chart of BTC funding rates. Source: Coinglass
S&P 500 1-hour candle chart. TradingView
The Bitcoin supply was last active between five and seven years ago, compared to the BTC/USD chart. Source: Glassnode/ Twitter
BTC/USD chart vs. Bitcoin exchange balance Source: CryptoQuant
GBTC Premium, Holdings, Marker Price Chart Source: Coinglass
Crypto Fear & Greed Index. Source: Alternative.me