Spot CVD turns positive after flash crash, while futures CVD remains deeply negative
When indicators disagree, the biggest mistake is using just one to characterize the entire market.
CVD (cumulative volume delta, in the general sense) is roughly the cumulative difference between aggressive buying volume and aggressive selling volume. It helps show which side is more active; it does not measure net capital outflows.
CoinGlass’s BTC chart shows that after the sharp weekend drop, spot CVD turned positive and recovered to around +206.4M, while futures CVD remained deeply negative at around −920.4M. One interpretation is that spot buyers are stepping in while leveraged positions remain weak. But neither reading should be taken as the direction of the entire market. If both indicators start weakening or strengthening in tandem again, this split view will need to be revised. Volatility and leverage risks remain. When indicators disagree, do you look at spot first or futures?
#指标解读 #现货与合约 $BTC
When indicators disagree, the biggest mistake is using just one to characterize the entire market.
CVD (cumulative volume delta, in the general sense) is roughly the cumulative difference between aggressive buying volume and aggressive selling volume. It helps show which side is more active; it does not measure net capital outflows.
CoinGlass’s BTC chart shows that after the sharp weekend drop, spot CVD turned positive and recovered to around +206.4M, while futures CVD remained deeply negative at around −920.4M. One interpretation is that spot buyers are stepping in while leveraged positions remain weak. But neither reading should be taken as the direction of the entire market. If both indicators start weakening or strengthening in tandem again, this split view will need to be revised. Volatility and leverage risks remain. When indicators disagree, do you look at spot first or futures?
#指标解读 #现货与合约 $BTC