Bitcoin Spot Demand Is Fading While Price Holds Near $78,000
Bitcoin is still sitting near $77,900, but the bid underneath it is getting thinner.
According to the aggregated spot CVD on Binance, buy pressure built into the $80,000–$81,000 push and has been rolling over since August 25. Price is holding. Spot demand is not.
Key Details:
> BTC/USDT is around $77,928 after failing to hold the mid-$81,000 high.
> Aggregated spot CVD peaked near 23,000 on August 25 and has fallen to about 16,549.
> The sharpest drop in CVD came with the August 28 selloff, and the line has gone flat rather than rebuilt.
When price stays firm and spot CVD keeps falling, the market is leaning on residual support, not fresh buying. That usually means the next move is decided by whether new spot demand returns — or whether this range gives way once that leftover bid is gone.
Bitcoin Near $78K as Spot CVD Slides From 23K to 16.5K
Bitcoin is still sitting near $77,900, but the bid underneath it is getting thinner.
According to the aggregated spot CVD on Binance, buy pressure built into the $80,000–$81,000 push and has been rolling over since August 25. Price is holding. Spot demand is not.
Key Details:
> BTC/USDT is around $77,928 after failing to hold the mid-$81,000 high.
> Aggregated spot CVD peaked near 23,000 on August 25 and has fallen to about 16,549.
> The sharpest drop in CVD came with the August 28 selloff, and the line has gone flat rather than rebuilt.
When price stays firm and spot CVD keeps falling, the market is leaning on residual support, not fresh buying. That usually means the next move is decided by whether new spot demand returns — or whether this range gives way once that leftover bid is gone.
Bitcoin Near $78K as Spot CVD Slides From 23K to 16.5K
