⚠️ Bitcoin Market Shows Diverging Trends Between Spot & Futures
🔍 Glassnode analysis reveals:
• Spot CVD declining for weeks → sellers dominate spot
• Futures CVD rising → buyers piling into futures
• Last night: Rare spike in spot buying, but overall trend still weak
💸 Funding rates remain low, meaning futures aren’t overheated yet.
🔑 Key takeaway:
The market structure looks fragile unless spot buyers return to confirm the rally. Futures are driving momentum alone — a risky setup.
Watch for spot market strength to validate the next BTC leg.
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