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Bitcoin CVD Turned Negative as Price Fell to $76,000 by Nov. 8

The negative CVD reading indicated active selling exceeded active buying during the period.

By Enna Lee
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An unmarked brass coin rests on a steep black stone ramp / TokenPost.ai
An unmarked brass coin rests on a steep black stone ramp / TokenPost.ai

Bitcoin (BTC) cumulative volume delta (CVD) turned negative since Oct. 14, while its price fell from $84,000 to $76,000 by Nov. 8, indicating that active selling exceeded active buying over that period.

CVD tracks the difference between active buying and selling. The negative CVD reading pointed to selling pressure during the period through Nov. 8.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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