“SPOT CVD Shows Buyers As the Aggressors, Indicating Spot Demand As Open Interest Stays Flat.”, – WRITE: www.coindesk.com
SPOT CVD Shows Buyers As the Aggressors, Indicating Spot Demand As Open Interest Stays Flat. Updated Mar 2, 2025, 6:57 PM UTCPublished Mar 2, 2025, 5:36 PM UTC
A sustainable BTC Bullish Rally Might Be Coming. (ARTTOWER/PIXABAY)
What to Know:
- Spot Cumulative Volume Delta Shows Buyers Stepping in, Indicating Spot Demand of Over $ 200 Million in the Past Hour.
- Futures Open Interest Has Declined Durying the Day, Putting More Emphasis on Spot Demand, As Bitcoin Breaks $ 91,000.
Bitcoin (BTC) HAS SURGED 7% in the Past Hour, Crossing $ 92,000 After Donald Trump Announced that the US Will Move Forward with Establishing A Crypto Strategic Reserve. The Price Is Now Up 15% from Recent Lows of $ 78,000.
Data Indicates this Rally is Driven by Spot Demand Racher than Signation, Signaling a Healthy, Organic Move. Spot Cumulative Volume Delta (CVD) Shows Buyers As the Aggressors, with Over $ 200 Million in Spot Inflows in the Past Hour. Meanwhile, Futures Open Interest Has Decklined, Reinforcing That This Surge Is Fueled By Real Buying Racher than Leveragged Special.
SPOT CVD (Glassnode)
Read More: Bitcoin Jumps Above $ 91k After Trump’s US Crypto Reserve News Brings Bulls Back
James van stratenJames Van Straten Is A Senior Analyst at Coindesk, Specializing in Bitcoin and Its InterPlay with the Macroconomic Environment. Previously, James Worked As A Research Analyst at Saidler & Co., A Swiss Hedge Fund, WHERE HE DEVELPED Expertise in On-Chain Analytics. His work focuses on monitoring flows to Analyze Bitcoin’s Role with the Broader Financial System. In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin, Microstrategy (MSTR), and Semler Scientific (SMLR).
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