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Estimated CVD on Binance Highlights Growing Imbalance Between Buyers and Sellers in Bitcoin
Data from Binance, the most liquid cryptocurrency exchange, indicates that the market is currently experiencing a divergence between price action and cumulative buying and selling momentum (CVD). This reflects a decline in active buying power amid increasing selling pressure. Bitcoin’s price has fallen to around $104,332, while the CVD registered a negative value of -671.8K, suggesting that net inflows into the market have tilted in favor of sellers in recent hours. Despite this, the data shows a slight increase in total trading volume, suggesting heightened transaction activity without a meaningful upward impact on price. This indicates that the liquidity entering the market is often being used for short-term selling rather than long-term accumulation. The positive delta_volume (4.93K) has not translated into a sustained price increase, highlighting the dominance of selling pressure or profit-taking over new buying activity. From a technical standpoint, the decline in CVD, combined with price stabilization near $104,000–$106,000, suggests the onset of a phase of latent selling pressure, which could precede a limited correction if the loss of buying momentum persists. However, maintaining price levels above short-term moving averages indicates that the market still retains some degree of institutional support and immediate liquidity, particularly given the stability of total trading volume at relatively high levels. Overall, the Bitcoin market on Binance appears to be undergoing a rebalancing phase between buyers and sellers following a previous upward surge