Bitcoin Spot CVD Is Still Falling While Price Holds the Mid-$76,000s
Spot sellers have been the consistent bid — on the offer.
According to the Coinalyze 2-hour chart, BTC is about $76,783. Aggregated spot CVD has slid from the mid-teens after the September 3 spike down to about 4.5K. Price chopped lower from the $82,000 area while that yellow line kept making lower lows.
Key Details:
> Bitcoin: about $76,783 on the 2-hour average.
> Spot CVD: 4.503K and still declining inside the marked downtrend.
> CVD falling with price means market sells are beating market buys on spot venues.
> The ETH read next to this: that dip looks more like leverage coming off than the same spot dump, which is why Ether can bounce harder if risk returns.
A bounce that starts with leverage covering usually lifts Ether first. A bounce that needs fresh spot demand has to show up as CVD turning up, not just a green candle. Until Bitcoin spot CVD stops falling, $80,000 is still a sell zone on this view.
Bitcoin Spot CVD Down to 4.5K at $76,800 — Spot Still Selling
Do you buy Ether for the bounce because its dip was leverage, or do you wait for Bitcoin spot CVD to turn up first?
Spot sellers have been the consistent bid — on the offer.
According to the Coinalyze 2-hour chart, BTC is about $76,783. Aggregated spot CVD has slid from the mid-teens after the September 3 spike down to about 4.5K. Price chopped lower from the $82,000 area while that yellow line kept making lower lows.
Key Details:
> Bitcoin: about $76,783 on the 2-hour average.
> Spot CVD: 4.503K and still declining inside the marked downtrend.
> CVD falling with price means market sells are beating market buys on spot venues.
> The ETH read next to this: that dip looks more like leverage coming off than the same spot dump, which is why Ether can bounce harder if risk returns.
A bounce that starts with leverage covering usually lifts Ether first. A bounce that needs fresh spot demand has to show up as CVD turning up, not just a green candle. Until Bitcoin spot CVD stops falling, $80,000 is still a sell zone on this view.
Bitcoin Spot CVD Down to 4.5K at $76,800 — Spot Still Selling
Do you buy Ether for the bounce because its dip was leverage, or do you wait for Bitcoin spot CVD to turn up first?
