The $BTC Futures Taker CVD indicator shows a dominated by taker sell trend.

Net selling is occur in the futures market.

In contrast, the $BTC Spot Taker Dominant indicator remains neutral. The spot market is currently in a neutral state.

The current decline is driven by downward pressure from the futures market, while downward pressure from the spot market is relatively low.

Various indicators suggest that the selling in the spot market is coming from retail investors, but whales continue to accumulate $BTC.

It appears that some entities are making a decline through selling pressure in the futures market, and profiting from short positions, while simultaneously accumulating spot $BTC.

Meanwhile, retail investors are liquidated their high-leverage positions and are selling their spot $BTC holdings.

Although the short-term trend is bearish, this pattern is characteristic of accumulation by whales. They are making profits through short positions and accumulating spot $BTC at lower prices.

Written by CW_