Bitcoin Spot Market: Neutral Shift Reflects Cautious Sentiment
- Bitcoin’s Cumulative Volume Delta has reset to neutral across major venues.
- Traders exhibit caution without strong market conviction.
- Spot ETF flows show institutional demand remains cautious.
Bitcoin’s Cumulative Volume Delta (CVD) reset to neutral across major spot venues on August 28, 2025, reflecting reduced buyer momentum according to Glassnode’s data.
The neutral CVD signals caution among traders, implying a potential cooling in Bitcoin’s spot market and affecting broader cryptocurrency market dynamics.
The latest data from Glassnode highlights that Bitcoin’s Cumulative Volume Delta (CVD) has reverted to neutral across key spot exchanges. This suggests a shift towards caution among traders following a period of pronounced buyer dominance earlier.
Major venues like Coinbase and Binance reflect this neutral shift, characterized by balanced buy and sell flows. Glassnode’s analysts note reduced conviction among traders as the market moves away from earlier elevated levels of activity.
The neutral sentiment in Bitcoin’s spot market has rippled across the cryptocurrency industry. Altcoins like Ether are also experiencing a change in risk sentiment, with increased market volatility observed in tandem with Bitcoin’s shift.
Institutional players show caution as reflected in mild ETF inflows, totaling $81.25 million in recent days. The subdued market action highlights a lack of decisive recovery, with traders wary of rapid price reversals at resistance points.
Bitcoin’s market trend towards neutrality challenges traders’ outlook, presenting uncertainty in future price directions. While historical cycles have seen similar patterns, the current environment lacks a clear path forward, amid cautious sentiment and balanced market dynamics.
The reset in CVD trends typically precedes further market adjustments. Historical data suggests past neutral phases led to corrections or plateau periods. A Glassnode analyst noted, “Bitcoin’s cumulative volume delta (CVD) across major spot venues has reverted to neutral, a shift from the strong buyer dominance observed in April.” Traders are closely monitoring the market, with expectations tempered by current on-chain and derivatives data.
