Arab Chain
Binance data indicates that Bitcoin’s CVD index has fallen to 0.44, its lowest level since last May
Data from Binance, the leading trading platform by volume, shows the 30-day CVD Confirmation Score falling to 0.44, its lowest level since last may, after hovering near 0.9 in recent months. This sharp decline in the correlation suggests that the recent price rally is no longer supported by strong buying volume as it once was, and that some of the recent momentum may be driven by short-term speculative factors rather than genuine demand. The chart also shows that the decline in the index coincides with a clear price correction, a relationship that often indicates the beginning of structural weakness in the market. When the price continues to rise while the CVD Confirmation Score falls, the market becomes more vulnerable to a reversal or strong selling pressure, given the absence of buyers capable of absorbing profit-taking. However, the index has not yet reached full breakdown levels (0.1–0.2), meaning the overall trend still retains some support. But the continued decline of the index while the price remains high around the $85,000–$90,000 range could indicate the approach of a broader market-cooling phase. The data shows that the market is in a fragile position: the price is high, but supporting liquidity has weakened significantly, calling for close monitoring of any rapid movements in the coming days.