Arab Chain
Bitcoin Faces Rising Risk as Binance CVD Plunges Toward –95B
Recent data from the Cumulative Volume Delta (CVD) indicator on Binance signals a critical phase for the Bitcoin market. the CVD reading stands at approximately –94.8 billion dollars, marking one of its lowest levels in the past two years. This deep negative value reflects a clear dominance of sell-side pressure, indicating that selling volume has significantly outweighed buying volume over extended periods. Such behavior typically results in a gradual erosion of bullish momentum. The chart also highlights an important divergence. Despite the consistent decline in CVD since early 2024, Bitcoin’s price maintained an upward trend for a long period, reaching near-record highs around 125,000 dollars before entering a sharp corrective phase that pushed the price down toward $80,800. This divergence between price and CVD is a classic signal of weakening real demand. It suggests that the previous rallies were driven more by leveraged derivatives activity than by genuine spot buying—explaining the fragility behind the recent price drop. This interpretation is reinforced by the role of CVD as an indicator of “hidden strength” in the market. A deep fall in CVD typically means that large traders in perpetual futures markets are increasingly closing long positions or opening net short positions. Combined with the price decline from the 2025 highs, this implies that the market is currently undergoing a rebalancing phase that could persist for some time. Overall, the current CVD pattern indicates that Bitcoin is facing a shortage of real demand along with sustained sell-side pressure on Binance. This leaves the market vulnerable to further volatility in the coming weeks unless there is a notable recovery in buying activity—either through a shift in derivatives positioning or renewed inflows of spot liquidity capable of supporting a bullish reversal.