📌 Bitcoin Faces Sell-Side Storm as Key Metric Hits 2-Year Low – Rising prices to $126K versus negative CVD suggest the rally was driven by leveraged derivatives, not spot demand.
$BTC
Sell-side pressure mounts as cumulative volume delta (CVD) hits a two‑year low, casting doubt on the push to $126K. Negative CVD alongside soaring futures open interest and funding suggests the move was fuelled by leveraged derivatives rather than spot demand for Bitcoin.
Traders warn of liquidation risk if positions unwind and spot volumes stay muted. #Macro Insights# #Derivatives #CVD