[Analysis] "Bitcoin switches to 'buy-side dominance' after 3 months… Rebound signal detected"

Bitcoin (BTC)'s '90-day spot taker CVD (cumulative volume delta)' indicator has returned to 'buy-side dominance' after 3 months.

Sunny Mom, a CryptoQuant contributor, said on the 11th (local time) via CryptoQuant, "Bitcoin's 90-day spot taker CVD has shifted to 'buy-side dominance' for the first time after recording 'sell-side dominance' for the past three months." Sunny Mom said, "The selling flow that continued from $120,000 to $90,000 has been absorbed, meaning that a substantial spot demand base is forming in the $88,000~$90,000 range."

She analyzed that retail investor demand has recently supported Bitcoin's price rise. Sunny Mom said, "Currently whales (large investors) have stopped accumulating and are on the sidelines," and analyzed, "retail demand is pushing up prices." She added, "The $85,000~$90,000 range overlaps with whales' average purchase range," and "they tend to defend that range."

Sunny Mom noted, "Recent on-chain spot indicators show that market sentiment is gradually shifting." She said, "some signals of a Bitcoin rebound have been detected," and analyzed, "if whales' accumulation increases again, there is a high possibility that a rebound pattern similar to March–April of this year will be reproduced."