The key metric to watch is the Spot Taker Cumulative Volume Delta (CVD), which measures the net difference between taker buy and sell volume over time. According to the 90-day CVD chart, the indicator has shifted back into the green, signaling a resurgence of buyer dominance in the market.

“Buy orders are now outpacing sell orders—this typically signals strength and suggests further upside,” an analyst noted.

This is a notable reversal from recent months, where the Spot Taker CVD remained deep in the red, reflecting sustained selling pressure that coincided with several price pullbacks. That trend appears to be fading, with demand now picking up again as the market digests higher price levels.

“As BTC tests above $110K, buyers have not backed down,” the analyst added. “This could set the stage for a new wave of bullish movement.”

While volume-backed buy signals often precede price surges, analysts caution that investors should maintain measured optimism. Macro factors, market sentiment, and whale activity could still inject short-term volatility into the trend.

Nonetheless, the data presents a constructive setup: as BTC consolidates around record highs, renewed buyer participation may offer the fuel for its next leg higher.

The post Bitcoin Buy Pressure Returning as Price Holds Around $110,000 appeared first on Coindoo.

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Filed under: Bitcoin - @ May 23, 2025 4:16 pm