Bitcoin's Spot Cumulative Volume Delta (CVD) surged 199.1% over the past week, rising from $18.3 million to $54.8 million, indicating strong spot-market buying. Perpetual CVD also increased by 174.7% to $315.1 million, reflecting consistent buying pressure across markets. This surge coincides with a re-acceleration of ETF inflows, which had previously stagnated, helping maintain Bitcoin's price above $78,000.
BlackRock's IBIT saw a 1.33% gain as institutional demand for crypto intensified following a brief period of net outflows. Bitcoin's price currently sits at $77,000, with CVD lines holding above moving averages, suggesting bullish momentum. Analysts note that if Bitcoin maintains support above $75,000, it could target $80,000 and potentially $82,000, though a break below $75,000 might see support closer to $72,000.
The broader market context is favorable, with U.S. equities rallying on strong earnings reports, enhancing Bitcoin's correlation with tech stocks. As traditional fund managers increasingly view Bitcoin as a proxy for high-beta tech exposure, the cryptocurrency's bullish structure remains intact, supported by positive CVD and ETF inflows.
Bitcoin Spot CVD Jumps 199% Amid Renewed Institutional Inflows
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