📊 Overview of the Bitcoin Market Structure – CBD Heatmap Analysis
The analysis of the cumulative volume delta (CBD) heatmap indicates that the decline Bitcoin experienced over the weekend to $99,000 was contained due to strong demand at the upper edge of a dense supply area between $93,000 and $100,000. This area has formed a critical range for accumulation and distribution since the peak of Q1 2025.
🔍 Key Observations:
The range between $93,000 and $100,000 remains an important structural area reflecting strong historical interest and positioning.
The bullish structure remains intact as long as Bitcoin continues to trade above this range.
A break below the $93,000 level could lead to a deeper correction, especially if a capitulation event occurs from holders who bought in this range.
⚠️ What to Watch:
Price stability above this level confirms the continuation of strength.
An increase in trading volume or a panicked sell-off within this range may indicate a decline in conviction and a potential acceleration of the downturn.
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