Skew: The bull market needs more limit spot orders to better push up and take back price control

Skew stated on social media that BTC's cumulative CVD and Delta spot CVD continue to rise, but the price is difficult to maintain at a high level. This situation occurs when the spot buyers appear to sell at a limited price. Therefore, to make the current selling control ineffective, the price needs to recover to $43,000 with sufficient spot bids, which will be a market dominated by spot limit buy orders and buyers. Currently, the spot trading volume on Binance is declining, and the spot receiver's bid for spot CVD is clear. With the decrease in trading volume, the bid increment continues to increase, which means that the bull market needs more limit spot orders to better push up and regain control of the price. So far, the order volume is still greater than the supply.

Note: Cumulative Volume Difference (CVD) is a technical analysis tool mainly used in trading markets (including cryptocurrencies). It measures and tracks the cumulative difference between buying and selling volume in the long-term market. This indicator reveals buying and selling pressure at different price levels.