Bitcoin's spot market has recently shown subtle signs of increased selling pressure, as seen in the latest shift in the 90-day Taker Cumulative Volume Delta (CVD). The most recent four bars have turned red, suggesting a slight dominance of market sell orders over buys across major exchanges. This marks a move into a Taker Sell Dominant phase, following a neutral period and an earlier phase in July characterized by sustained buyer strength. While not conclusive on its own, this shift may hint at a cautious change in sentiment among market participants.
Written by nino
