CryptoQuant analyst Axel Adler Jr. reported that cumulative volume delta (CVD) has turned negative since October 14, declining to 105,300 BTC as aggressive selling outpaced aggressive buying. Over the same period, Bitcoin's price dropped from $84,000 to $76,000.
Adler stated that short positions are exerting sustained pressure on the market and remain in control of price action.
CryptoQuant Analyst: Short Sellers Dominate BTC Market as CVD Hits Negative 105,300 BTC
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