2026-01-17 16:24:39

Looking at Bitcoin's recent trend, the three CVD indicators each signal different information. On the spot side (yellow line), there has been a recent rebound, and buying support remains strong; on the futures side (blue line), it has been declining from a high level, indicating that long leverage is clearly diminishing; the accumulated CVD represented by the red line shows that overall, bullish funds are still in the lead.

In terms of details, short-term futures inflows are indeed very strong, with an increase of 92.82 million within 4 hours, but over 12 hours, there has been an outflow. Overall, the bulls still control the situation. The most interesting aspect is the linkage between spot and futures—spot sets the stage, and futures lift the ride. This kind of upward movement is much more solid than simply relying on futures to push through, as there is real capital backing it with genuine funds. As long as the spot market doesn't unexpectedly crash, this rally can still continue.

BTC1,86%

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LiquidationHunter

· 01-20 15:44

Spot trading sets the stage, contracts lift the carriage. This routine is all too familiar; real gold and silver backing is the true way to go.

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SelfRugger

· 01-18 07:07

Spot really is struggling to hold up, while the leverage on the futures side has actually weakened? That's a bit unusual... --- I believe in the "lifting the sedan" strategy; large funds definitely wouldn't do this kind of leverage play. --- I'm just worried that a sudden dump in the spot market could lead to a bloodbath on the futures side. --- 928.2 million in four-hour net increase sounds like a lot, but with 12-hour outflows... this rhythm is a bit strange. --- Is the bulls' control real? I feel like it's just a bet that the spot won't collapse. --- This kind of linkage is indeed stronger than just hard resistance on futures; having big players supporting the bottom makes me feel more secure. --- The key is whether the spot can hold up to this point; that's the hurdle. --- Futures are weakening but overall the bulls still have the advantage; it feels a bit precarious.

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SandwichTrader

· 01-17 16:53

Hmm... Spot trading sets the stage, futures lift the sedan, sounds risky, just worried that spot might suddenly crash one day.

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MetaverseHomeless

· 01-17 16:50

Spot trading sets the stage, futures lift the carriage—this is real operation. It's much more reliable than simply hard-pressing a futures contract.

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SmartContractWorker

· 01-17 16:50

Spot really is stable, and although leverage on the futures side is decreasing, it hasn't collapsed yet. The key is the coordination between the two ends—that's the true confidence. --- With such frequent entry and exit in futures, is the short-term strong and long-term weak? It feels like the main force is just shaking out positions again. --- I've seen too many plays of bottom padding and capital injection. The problem is, how deep can the sell-off go? Once the spot crashes, it's all over. --- Spot provides the stage, futures lift the carriage. It sounds good, but this kind of linkage is just a signal for retail investors to be the bagholders. --- Is the bulls in control? I feel like it's just accumulation, let's wait and see. --- The short-term increase of 92.82 million is indeed fierce, but then there's a 12-hour outflow. Isn't this a typical shakeout to absorb positions?

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GateUser-c802f0e8

· 01-17 16:46

The spot contract linkage setup looks comfortable, but I'm still a bit hesitant... The idea of large funds backing it sounds great, but what if they suddenly withdraw? Then the incremental amount of 92,820,000 would just become a smoke screen.

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OnlyUpOnly

· 01-17 16:26

Spot trading is really bottom-fishing, while futures are following the trend. This combination is quite solid, and it seems the big players aren't just talking nonsense this time.

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