90-Day CVD Shifts To Neutral After Prolonged Trends

In a June 27 post on X, the social media platform, crypto analyst Maartunn revealed that there has been an important shift in an important metric. The relevant indicator here is the 90-day Futures Taker Cumulative Volume Delta (CVD) metric, which tracks the net buying or selling pressure in BTC’s futures market.

A positive and rising value of the metric usually means that the futures market is dominated by the buyers (Taker Buy Dominant). On the other hand, when the indicator is negative, it means that the futures market is being dominated by the short traders (Taker Sell Dominant

In the post on X, Maartunn pointed out that the current 90-day CVD is flat, which indicates a balance between bullish and bearish forces in the market. While the Bitcoin price might have shown good signs of recovery, this piece of on-chain data suggests that the market leader might return to a consolidation range.