- Spot and Futures CVD readings indicate broad selling pressure, suggesting the market is transitioning from earlier accumulation into a developing distribution trend.
- Futures CVD reaching a neutral zone shows reduced leveraged selling, yet real buying strength remains limited based on current cumulative volume patterns observed.
- Recent Bitcoin bounce attempts emerge while Spot CVD stays weak, indicating price action continues forming conditions commonly linked with distribution cycles.
Bitcoin is currently trading under important support levels as new data indicates a move away from accumulation. The most recent market structure signals are now raising questions about whether the current pullback is merely a correction or if the current downturn marks the beginning of a more meaningful trend change.
CVD Data Shows Market Structure Shifting
A recent assessment from Sunny Mom offered a detailed look at the deteriorating cumulative volume delta metrics. The Spot and Futures 90-day CVD readings show a transition from a stable accumulation phase into a clear distribution pattern. This shift comes after Bitcoin slipped beneath multiple support levels that previously held during earlier corrections.
Spot CVD data shows that selling pressure began to build during the summer period. The trend continued for more than one full quarter, suggesting sustained activity from market participants. During this window, both Spot and Futures CVD turned deep red, showing that the downtrend was not isolated to a single group of traders.
The synchronized decline in both metrics suggests broad selling behavior across spot buyers and leveraged traders. This shift in structure forms the foundation of current market concerns, as distribution phases tend to develop after extended uptrends.
Futures CVD Moves Into Neutral Despite Broader Weakness
Despite the broader shift, the Futures CVD has recently moved into a grey or neutral zone. This change indicates that selling pressure from leveraged markets has eased. It also hints at short-term price stabilization after a strong wave of red-zone readings.
This neutral movement, however, does not reflect renewed buyer strength. Instead, it signals that forced selling and aggressive downside positioning have cooled temporarily. Market observers note that this stabilization alone is not enough to signal recovery.
The shift also raises questions about whether the lull is temporary before new distribution pressure appears. Without sustained inflows, futures stabilization offers only a brief pause in broader market behavior.
Bounce Attempts Viewed Through Distribution Lens
According to Sunny Mom, any rebound should be viewed cautiously unless the market shows resilience similar to mid-2021 or mid-2025. During those periods, a firm return of real spot capital supported recovery. Without similar conditions today, temporary rallies may reflect distribution rather than renewed demand.
The absence of strong accumulation leaves Bitcoin vulnerable to extended sideways or downward movement. Market structure often changes slowly during such phases, making short-term price strength unreliable.
This environment increases the risk of a prolonged distribution period, especially with Spot CVD still showing persistent weakness. Until stronger buyer activity emerges, Bitcoin remains in a state where distribution pressure can dominate.
