$BTC showing early strength signals worth watching.
Spot CVD climbing in sync with price — actual buyers stepping in, not just noise. Futures CVD spiked on the initial bounce off lows but has flatlined since.
That's the tell: this move is spot-driven, not perp longs piling in. Real demand, not leverage chasing.
As long as spot holds and longs stay measured, there's room to run higher. The setup favors continuation if this demand structure stays clean.
Watch for any shift in futures CVD or spot exhaustion — that's your early warning. For now, the tape's healthy.
Spot CVD climbing in sync with price — actual buyers stepping in, not just noise. Futures CVD spiked on the initial bounce off lows but has flatlined since.
That's the tell: this move is spot-driven, not perp longs piling in. Real demand, not leverage chasing.
As long as spot holds and longs stay measured, there's room to run higher. The setup favors continuation if this demand structure stays clean.
Watch for any shift in futures CVD or spot exhaustion — that's your early warning. For now, the tape's healthy.