$BTC Has now made its 6th ~20% correction this cycle. This was one of the fastest and sharpest corrections this cycle, only taking 17 days from top to bottom. The other two corrections that were of similar duration are marked on the chart.
They pushed the price up from the futures until this stage.
◾ In the last hours, especially the spot purchases from Coinbase, as well as purchases from Binance and Okx, have been reflected in the price as spot support. Bitfinex has already been buying since the bottom.
◾ On futures, #Binance has been shorting in the last hours. Bitmex is the exchange that has provided the most support for the reaction rise by going long.
The Coinbase purchases are not very satisfactory for the price to go up from here. Binance is undecided. The same goes for the futures side. Until we see a momentum move, there isn't much to interpret from the CVD data.
