Bitcoin Buyers Regain Control – Spot CVD Flashes Bullish Shift Above $110,000
Bitcoin (BTC) reached a new all-time high of $111,980 on Binance, with technical data indicating a buyer-dominated market. The Bitcoin Spot Taker Cumulative Volume Delta (CVD) has shifted to green, suggesting aggressive buying and potential bullish momentum. This change follows a period of strong selling pressure, where the CVD remained mostly red in Q1 2025, correlating with BTC's price decline to around $76,000 in April. The current rally is characterized by new and short-term investors holding unrealized profits without panic selling. Whale activity shows mixed reactions, with new whales taking profits while older ones hold their positions. Neutral funding rates in the BTC futures market suggest the rally is more organic and less speculative. BTC is currently trading at $108,553, down 2.6% in the last 24 hours.
