coinbasecvd

What is love?
Coinbase, don't hurt me. 💔

$BTC
is holding around $74K, but Coinbase spot CVD keeps going lower. It's now at -82.87M.

Price came back from the $72.7K low, but US spot buyers didn't come with it. Every push higher has printed a bearish divergence, so the bounce is being sold into rather than bought.

When price goes up while spot CVD goes down, the move is usually driven by perps, not real demand. Until Coinbase buyers return, $74.5K is the level to watch for rejection.

#BTC #Bitcoin #CoinbaseCVD #CryptoAnalysis