Cumulative Volume Delta (CVD) data showed different buying and selling activity across exchanges:
Coinbase recorded approximately $10.57M in net buying pressure.Binance showed around $27.90M in net selling, with a further $22.22M in selling across USDT pairs.Despite those flows, $BTC traded within a relatively narrow range of roughly $85,591–$86,473, suggesting temporary balance between buyers and sellers.
The $85,600 area is a level to monitor in this setup, not a guaranteed support level. Continued improvement in Coinbase CVD could suggest stronger spot demand, while a move below that area could indicate that selling pressure is returning.
CVD can help explain market flows, but it does not guarantee the next price direction. It is best used alongside price action, trading volume, and risk management.
#bitcoin #cryptosignal
Coinbase recorded approximately $10.57M in net buying pressure.Binance showed around $27.90M in net selling, with a further $22.22M in selling across USDT pairs.Despite those flows, $BTC traded within a relatively narrow range of roughly $85,591–$86,473, suggesting temporary balance between buyers and sellers.
The $85,600 area is a level to monitor in this setup, not a guaranteed support level. Continued improvement in Coinbase CVD could suggest stronger spot demand, while a move below that area could indicate that selling pressure is returning.
CVD can help explain market flows, but it does not guarantee the next price direction. It is best used alongside price action, trading volume, and risk management.
#bitcoin #cryptosignal
