Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: Binance whale CVD decreased again from the yesterday's reading, while the other tracked exchanges showed no change.
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πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: Binance whale CVD decreased again from the yesterday's reading, while the other tracked exchanges showed no change.
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π₯2
πΊ #Bitcoin has one foot on the gas and one on the brake. ForeDex Recognized Author MurphyBTC uses ForeDex API data to map the tension:
[...]
βοΈ #BTC currently presents a two-speed market: long-term accumulation signals are improving but short-term institutional and market flows remain weak.
πΉ Strategy added 24,906 $BTC over 60 days, "LTH Supply" continues to rise, Reserve Risk remains near a historical accumulation zone, and the "MVRV Z-Score" sits in a neutral range at 0.37. $BTC also remains above its Realized Price of $52,493.
πΉ Near-term pressure remains. Five-day ETF flows stand at -$507M, $BTC is trading below the mining total cost near $69,333, and $MSTR stock is down 15.4% over 30 days. A short-term bottom has not yet been confirmed.
βοΈ The mid- to long-term structure remains mildly bullish, but another decline or extended sideways phase is still possible. A stronger uptrend would require $BTC to reclaim $69,333, ETF flows to turn positive, and $52,493 to continue holding.
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[...]
βοΈ #BTC currently presents a two-speed market: long-term accumulation signals are improving but short-term institutional and market flows remain weak.
πΉ Strategy added 24,906 $BTC over 60 days, "LTH Supply" continues to rise, Reserve Risk remains near a historical accumulation zone, and the "MVRV Z-Score" sits in a neutral range at 0.37. $BTC also remains above its Realized Price of $52,493.
πΉ Near-term pressure remains. Five-day ETF flows stand at -$507M, $BTC is trading below the mining total cost near $69,333, and $MSTR stock is down 15.4% over 30 days. A short-term bottom has not yet been confirmed.
βοΈ The mid- to long-term structure remains mildly bullish, but another decline or extended sideways phase is still possible. A stronger uptrend would require $BTC to reclaim $69,333, ETF flows to turn positive, and $52,493 to continue holding.
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π₯2β€1
The rebound has lift, but the runway is still crowded. ForeDex Recognized Author Trader Gemini explains what could test the rebound:
β‘οΈ #BTC is bouncing, but sell-side pressure has not clearly disappeared. "Miner Sell-Side Flow" recently spiked, while exchange reserves rose toward 2.76M $BTC, increasing the supply available for selling or derivatives collateral.
β‘οΈ The "Coinbase-Binance Spot Gap" also remains weak, showing that U.S. spot demand is not leading the move. Positive funding indicates derivatives traders are still leaning long.
π¨βπ« The current move looks more like a fragile rebound than a clean spot-led reversal. Miner selling, exchange supply, weak U.S. demand, and crowded long positioning remain key risks.
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β‘οΈ #BTC is bouncing, but sell-side pressure has not clearly disappeared. "Miner Sell-Side Flow" recently spiked, while exchange reserves rose toward 2.76M $BTC, increasing the supply available for selling or derivatives collateral.
β‘οΈ The "Coinbase-Binance Spot Gap" also remains weak, showing that U.S. spot demand is not leading the move. Positive funding indicates derivatives traders are still leaning long.
π¨βπ« The current move looks more like a fragile rebound than a clean spot-led reversal. Miner selling, exchange supply, weak U.S. demand, and crowded long positioning remain key risks.
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π₯2
Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: A gradual step-down was seen on Binance, with no change across Bybit, Bitfinex USD, and Bitfinex USDT.
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πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Decreased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: A gradual step-down was seen on Binance, with no change across Bybit, Bitfinex USD, and Bitfinex USDT.
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β€1π₯1
The broader setup is improving, but the rebound has not yet earned full confidence. ForeDex Recognized Author 0xGummyBear takes a closer look:
π£ ETF net inflows have exceeded $100M for two consecutive days, while "STH Supply in Profit %" still has room to recover. ForeDex "Market Maker Netflow" also resembles the late-February rebound from $60K to $80K, with net inflows to exchanges continuing to decline.
π£ However, active buying volume has not yet emerged to support a breakout. Stronger confirmation is still needed before reading the rebound as a sustained move.
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π£ ETF net inflows have exceeded $100M for two consecutive days, while "STH Supply in Profit %" still has room to recover. ForeDex "Market Maker Netflow" also resembles the late-February rebound from $60K to $80K, with net inflows to exchanges continuing to decline.
π£ However, active buying volume has not yet emerged to support a breakout. Stronger confirmation is still needed before reading the rebound as a sustained move.
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β€1π₯1
π¨βπ« A breakout in price does not always confirm a structural breakout ForeDex Recognized Author 리μΉλλΉ explains:
$BTCβs move through $65K did not confirm a breakout. Price remained inside the descending channel formed since June with declining trading volume, making the rebound look more like short-position clearing than a structural reversal.
π #Bitcoin "Spot Taker Netflow" also remains weak, while broader liquidity has not rotated into crypto. The rebound therefore lacks the spot demand needed to support a sustained uptrend.
π At the same time, Ethereum OI Flow has risen sharply relative to Bitcoin. Without a prior #BTC-led rally or stronger spot buying, this looks less like a healthy rotation into altcoins and more like leverage-driven activity.
β οΈ Weak BTC spot demand, declining rebound volume, and rising altcoin leverage leave the market vulnerable to a downward unwind. I view the $65K move as a technical short squeeze rather than a trend reversal, with renewed lows still a key risk.
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$BTCβs move through $65K did not confirm a breakout. Price remained inside the descending channel formed since June with declining trading volume, making the rebound look more like short-position clearing than a structural reversal.
π #Bitcoin "Spot Taker Netflow" also remains weak, while broader liquidity has not rotated into crypto. The rebound therefore lacks the spot demand needed to support a sustained uptrend.
π At the same time, Ethereum OI Flow has risen sharply relative to Bitcoin. Without a prior #BTC-led rally or stronger spot buying, this looks less like a healthy rotation into altcoins and more like leverage-driven activity.
β οΈ Weak BTC spot demand, declining rebound volume, and rising altcoin leverage leave the market vulnerable to a downward unwind. I view the $65K move as a technical short squeeze rather than a trend reversal, with renewed lows still a key risk.
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π₯3β1
Daily ForeDex CVD by Order Size (Spot) Snapshot πΈ
πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Increased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: Binance whale CVD moved higher before a slight pullback, still closing above yesterdayβs level. Bybit and both Bitfinex pairs showed no change.
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πΈ Whales and Mega Whales Only
πΈ Based on a 1 month period (1M)
1. Binance : Increased π
2. Bybit : No Change β
3. Bitfinex (USD) : No Change β
4. Bitfinex (USDT) : No Change β
β Summary: Binance whale CVD moved higher before a slight pullback, still closing above yesterdayβs level. Bybit and both Bitfinex pairs showed no change.
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β€2π₯1
π Welcome to the ForeDex Recognized Author network, Faruk! His first analysis explores where the next major cycle test could emerge:
π #Bitcoin 'MVRV' last reached its bottom zone in November 2022, when $BTC traded near $16K, and has not returned to that green area since. A future move into the zone remains possible as the cycle develops.
π A potential entry could occur when price reaches the 'CVDD' and 'Realized Price' levels. Based on current readings, that area sits around $48Kβ$50K.
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π #Bitcoin 'MVRV' last reached its bottom zone in November 2022, when $BTC traded near $16K, and has not returned to that green area since. A future move into the zone remains possible as the cycle develops.
π A potential entry could occur when price reaches the 'CVDD' and 'Realized Price' levels. Based on current readings, that area sits around $48Kβ$50K.
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π₯3