Spot vs Perp are telling very different stories. 📊
Spot BTCUSDT:
• CVD is still slightly positive after the dump, spot buyers quietly absorbing.
• Depth a bit bid tilted, but liquidity thin and stepping lower.
Perp BTCUSDT:
• CVD is sharply negative, futures are doing most of the puking and hedging.
• Heatmap shows bigger liquidity pockets, with clusters around the lows.
Key takeaway: Spot is supporting, perps are short and stressed. Either we squeeze them, or spot bids vanish, and the next leg down opens up fast.
Do you track spot and perp CVD together, or just candles? 💡
6.29K
27
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.