According to @52kskew, the Bitcoin (BTC) market remains closely correlated with equity flows, which is relevant for traders monitoring cross-asset sentiment. The market has seen a third sweep of the initial low, with Spot Cumulative Volume Delta (CVD) trending downward, indicating significant absorption of sell orders around the $14,500 level. Increased bid depth between $13,000 and $12,000—often a support zone for price bounces—suggests that traders should monitor these levels for potential reversals. Additionally, the $16,000 level is highlighted as a critical threshold for maintaining the broader trend, making it a key resistance to watch for directional signals (source: @52kskew).

According to glassnode, key off-chain indicators for Bitcoin currently show mixed trading signals. The Relative Strength Index (RSI) fell sharply to 51.7, signaling a loss of market momentum. Meanwhile, spot Cumulative Volume Delta (CVD) has improved, suggesting increased dip-buying activity. Futures open interest remains elevated at $45.6 billion, indicating sustained speculative positioning. Notably, ETF flows have declined by 80%, reflecting increased caution from traditional finance participants. These factors highlight contradictory trends that traders should watch closely for upcoming BTC price action (source: glassnode).