Back

Glassnode Notes Flattening in Bitcoin Spot and Futures CVD

Glassnode reports that both Bitcoin’s spot and futures CVD have stabilized since the October 11 crash, indicating a reduction in aggressive selling pressure.

BTC

Summary

Glassnode stated on October 26 that Bitcoin's spot and futures Cumulative Volume Delta have stabilized for the first time since the October 11 crash. The data suggests the recent aggressive selling pressure has eased over the past several days.

Terms & Concepts
  • Cumulative Volume Delta (CVD): A trading metric that measures the net difference between buying and selling volume over a period, often used to assess market sentiment.
  • Spot Market: A market where financial instruments, including cryptocurrencies, are traded for immediate delivery at current prices.
  • Futures Market: A marketplace for trading contracts obligating the purchase or sale of an asset at a predetermined future date and price.