Bitcoin is flashing signs of a revival after extending gains from weekend trading.
The top crypto is hovering near $87,600, up roughly 2.5% from its weekend low of $85,550, according to CoinGecko data.
The move can be partially attributed to declining seller momentum, which remains oversold but shows early signs of exhaustion, according to an update from Glassnode on Monday.
The stabilizing open interest, muted spot activity, and persistent exchange-traded fund outflows indicate “a shift from aggressive selling to a more orderly de-risking phase,” ****** ysts for the crypto intelligence pl