Bitcoin Spot Market Sentiment Turns Neutral
- Bitcoin’s spot market sentiment has shifted to neutral after a prolonged sell-dominant phase.
- This transition is based on the taker cumulative volume delta, which tracks net buy/sell pressure on exchanges.
- The metric indicates that selling pressure has eased following an extended period of dormant selling activity.
- CryptoQuant, a crypto data analytics platform, monitors these indicators to show changes in market pressure between participants.
- The current neutral reading suggests balanced conditions between buyers and sellers in Bitcoin’s spot markets.
Recent data indicates that the Bitcoin spot market has transitioned from a sell-dominant phase to neutral, reflecting a balance between buying and selling pressures as tracked by the taker cumulative volume delta.
Source (3.2)https://cryptobriefing.com/bitcoin-taker-cumulative-volume-delta-neutral-spot-market/?rand=59535