Bitcoin (BTC) reached a $61,956.3 low in the Nov. 15 UTC session, but spot cumulative volume delta (CVD) cannot identify who traded or establish what caused the wider decline.
Bitcoin closed at $64,128.1 on Nov. 14 UTC, down 6.04%. Bitcoin had already fallen below $66,000 in earlier coverage.
Spot CVD calculates cumulative taker-buy volume minus taker-sell volume for a selected venue and pair. A negative value means taker selling exceeded taker buying during the selected window. The total depends on where that window starts, so CVD describes activity over the chosen period.
A negative Binance spot CVD reading would describe activity measured on Binance. It would not identify the traders behind those trades, show that Binance itself sold Bitcoin or prove that activity on the exchange caused a marketwide price move.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
