Markets· ★★★· bearish·

Glassnode: Bitcoin spot CVD deepens to -$80.5M as sellers dominate

  • —Spot CVD widened to -$80.5M from -$46.8M over the week
  • —U.S. spot bitcoin ETFs drew about $300M in weekly net inflows
  • —Short-term holder unrealized profit fell below prior peak levels
  • —Futures open interest stays elevated as options hedging picks up
Why it matters: Weakening spot demand against elevated open interest raises the risk of sharp volatility around $80K.
Source: TokenPost