CVD just flipped the script.

Deep negative pressure got absorbed… and now it’s printing back into accumulation. That kind of transition usually means stronger hands stepped in while panic sellers were still unloading.

But here’s where it gets interesting.

Flows on Binance are leading the recovery… yet overall participation still feels muted. That’s not full conviction — that’s quiet positioning. Big players aren’t fully deployed yet, just testing liquidity.

This recovery isn’t broad.

Some sectors catching bids.

Others still stuck.

That kind of uneven structure usually shows up before a real expansion… or a clean fakeout.

For this to turn into a sustained move, flows need to expand across the board. One venue alone doesn’t build a real trend.

Right now?

Accumulation signals are there — but confirmation is missing.

Eyes on flows. That’s where the real story unfolds.