Recent Bitcoin price movements and cumulative volume delta (CVD) data indicate a shift from accumulation to distribution in the market. Both Spot and Futures CVD readings reveal significant selling pressure, with Bitcoin trading below critical support levels. Analyst Sunny Mom highlights a sustained change in market structure, as Spot and Futures CVD have turned notably negative over the past quarter. Although Futures CVD has entered a neutral zone, suggesting a temporary reduction in leveraged selling, the lack of strong buying signals implies that any price recovery may be more about distribution than genuine demand.
Bitcoin Market Shifts to Distribution Phase Amid CVD Data Signals
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