CryptoQuant analyst Axel Adler Jr. stated that the Bitcoin futures market has been dominated by sellers since July 7. The cumulative volume delta (CVD) contracted from $800 million to $230 million over two days, while the price dropped from approximately $64,000 to $62,000. On July 8, buying pulses of $22 million and $48 million were offset by a one-hour selling pressure of $92.7 million, keeping the price near $62,100. The analyst noted that the rapid contraction of CVD and the price decline reflect a shift in momentum toward sellers, with current资金流 continuing to transition.
Bitcoin futures market shows sell-side dominance as price hovers near $62,000
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Summary
Bitcoin futures market activity indicates strong seller dominance, with price action remaining near $62,000. According to Axel Adler Jr. of CryptoQuant, the Cumulative Volume Delta (CVD) dropped from $800 million to $230 million over two days, as Bitcoin fell from $64,000. A $22 million and $48 million buying surge on July 8 was swiftly offset by a $92.7 million sell-off, holding the price at $62,100. The analyst noted that the sharp decline in CVD and price movement reflect a shift in capital flow toward sellers.
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