Bitcoin Estimated CVD data on Binance indicates continued selling pressure in the Bitcoin market, despite the price remaining above $64,200. According to the latest data, the Cumulative Volume Delta (CVD) recorded a negative reading of approximately -899,000 BTC, reflecting the significant dominance of sell orders over buy orders during recent trading sessions.

The data shows that the price gradually recovered from levels near $60,000 at the beginning of the observed period, returning to trade above $64,000. However, this price increase was not accompanied by a similar improvement in the CVD, which remained in negative territory. This divergence suggests that the recent rally was not fully supported by strong buying activity but instead occurred amid continued selling pressure in the market.

The latest data also shows that total trading volume reached approximately 492,000 BTC, while net trading volume (Delta Volume) stood at around 10,180 BTC. Despite some limited positive flows during certain periods, the cumulative reading of the indicator continues to reflect an overall dominance of sellers over buyers throughout the period under review.

From a market perspective, the CVD's persistently negative reading indicates that some participants continue to use price rallies as opportunities to reduce their positions or take profits. At the same time, the price's ability to remain above $64,000 reflects the presence of sufficient demand to absorb part of this selling pressure, thereby limiting its direct impact on price performance.

Written by Arab Chain