Bitcoin Buyers Reclaim Dominance as Spot CVD Signals Bullish Movement Above $110,000

Bitcoin (BTC) reached a new peak of $111,980 on the Binance exchange recently, and analysis indicates that the current BTC surge is primarily led by buyers. If this trend persists, we could see further increases in BTC’s price soon.

Buyers Reestablish Control in the Bitcoin Market

Recent insights from a CryptoQuant analysis suggest that buyers are now in charge of the BTC market. The Bitcoin Spot Taker Cumulative Volume Delta (CVD) has notably returned to positive territory.

For those unfamiliar, Bitcoin Spot Taker CVD assesses the variation between buy and sell volumes on trading platforms over a period. An upward movement in the Spot Taker CVD signifies that bold buyers are leading the market, indicating possible bullish trends.

Further Insights

The shift to a green CVD for Bitcoin is noteworthy. It clearly shows that purchase orders have regained dominance after a prolonged period where selling orders were leading the way. Sustained buy orders indicate that the current positive momentum for Bitcoin may continue.

As highlighted in the chart provided by the analyst, the CVD mostly remained negative during Q1 2025, reflecting significant selling pressure. This behavior coincided with Bitcoin’s price fall, which dropped from its peak in January to approximately $76,000 in April.

The transition to a green CVD amid new all-time highs is particularly striking. It reflects a willingness among buyers to acquire Bitcoin at elevated prices while anticipating further gains.

However, current market movements might pose temporary challenges to Bitcoin’s momentum. A recent analyst forecast suggested that Bitcoin may soon experience a decline from its range of $110,400 to $111,100.

A Unique Rally

In general, when Bitcoin reaches a new peak, it often triggers widespread excitement in the market, which subsequently leads to a rapid price drop that surprises many investors. Nevertheless, experts believe that this current rally stands apart from previous trends.

Further Insights

An analysis by a contributor from CryptoQuant signified that recent BTC investors, particularly newer ones, are experiencing considerable unrealized gains without showing signs of panic selling even as prices soar to new heights.

Additionally, the reaction of major investors towards Bitcoin’s bullish movement has been mixed. While new large holders have been cashing out significant profits during this upswing, long-term holders have refrained from selling their assets, demonstrating little selling activity.

Moreover, stable funding rates in the Bitcoin futures market suggest that this rally is more based on genuine market behavior rather than mere speculation, a change from previous surges. Currently, Bitcoin is trading at $108,553, with a decrease of 2.6% over the last 24 hours.

Featured image from Unsplash, charts from CryptoQuant, X, and Tradingview.com