Bitcoin Market Shifts Back to Bullish Outlook Amid Increased Buying Volume and Futures Activity

Bitcoin's price action has been a topic of interest among traders and investors in recent days, with several key indicators suggesting a shift towards a bullish outlook.

The market has seen an increase in buying volume, with the cumulative volume delta (CVD) reaching 11,500 BTC - its highest level since February 17. This suggests that buyers have absorbed supply during the recent pullback and are becoming more confident in the cryptocurrency's prospects.

Further supporting this view is the rise in futures activity, with open interest increasing by 6.64% to 257,000 BTC over the past 24 hours. This indicates that new positions are being established while Bitcoin consolidates below $80,000.