Glassnode Bitcoin Spot Cumulative Volume Delta Approached $900 Million Yesterday, Hitting New Yearly Highs
Glassnode's Bitcoin Spot Cumulative Volume Delta (CVD) reached its highest level in 2024 at nearly $900 million. cvd (net between aggressive buying and selling pressure on major cryptocurrency exchanges) Looking at the data from the abyss, when bitcoin rose from $68,500 to 71,200 in 3 hours, around 7am UTC time CVD saw more than $3.60 Most of the rest of the buying occurred before 8 p.m. UTC time, with about $70 million in selling pressure occurring again around 10 a.m. and then at 3 a.m. on March 12th.
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