Bitcoin Spot CVD Surges 199% Amid Re-Accelerated ETF Inflows and Rising Leverage

Bitcoin's spot Cumulative Volume Delta (CVD) has experienced a significant surge, increasing by 199% in the past week. This rise from $18.3 million to $54.8 million indicates aggressive buying pressure in the market.

The parallel perpetual CVD also saw a substantial increase of 174.7%, reaching $315.1 million. This confirms the same directional pressure across both markets, further indicating strong demand for Bitcoin.

ETF inflows have begun to re-accelerate after weeks of stagnation, providing an absorption layer that is helping to maintain Bitcoin's price above $78,000. BlackRock's IBIT saw a 1.33% gain in the previous session, suggesting renewed institutional interest in cryptocurrency.

The return to high leverage in the market is also evident, with open interest recovering to $25 billion according to Bernstein analysts. This level of leverage could potentially lead to a liquidation cascade if not managed properly.