Spot CVD Falls to 449.89M as Market Pressure Builds Near Key 2025 Levels
- Futures open interest falls to 34.49B as the indicator dips toward the lower band and tracks a wide market shift.
- Spot CVD drops to 449.89M as the chart swings into deep negative territory and signals clear pressure in the market.
- Percent supply in profit moves down to 70.23 as traders watch the steady slide that matches the price reaction.
Market data across several major indicators shows a clear shift as futures open interest drops to 34.49B while spot CVD falls to negative 449.89M, and percent supply in profit moves down to 70.23. These figures appear together during a period where price follows a wide pattern that spans early 2024 through late 2025. The charts now show the first aligned decline across four important signals.
Futures Open Interest Signals a Clear Change in Market Positioning
The futures open interest chart shows a strong rise from early 2024 into mid-2025. The blue indicator line follows the price movements with a smooth trend. As the curve approaches late 2025, the level drops into the 34.49B reading.
The high and low bands mark the full range that the indicator has moved through. The green upper band peaks around mid-2025 and then curves downward. The red lower band forms a steady rising path through 2024 and early 2025. The recent drop pushes the indicator closer to this lower band, which suggests a clear reduction in leveraged positioning.
Price tracks a similar shape, though it remains above the indicator at most points. This alignment gives a structured view of how futures participants shift exposure. The decline now invites close attention from traders who follow open interest as a risk gauge.
Spot CVD Prints a Deep Negative Reading as Flows Shift
The spot CVD chart shows a very different shape. It moves with strong spikes through all of 2024 and 2025. The recent print at negative 449.89M stands out as the lowest point in the period.
The high band moves in a soft curve across the year. The low band forms a smoother red curve that slowly rises. The last movements sit below the low band, which shows strong selling pressure rather than balanced flows.
Price holds above the indicator, but the gap narrows in late 2025. This pattern appears across several moments in the chart, but the current dip is the deepest. As the market enters a new phase, traders watch whether spot demand returns or continues to fade.
Percent Supply in Profit Drops as Holders Lose Margins
The percent supply in the profit chart shows a rise into mid-2025. It then begins a decline that pushes the blue line to 70.23. This level sits well below the upper band, which peaked earlier in the year.
The shape of the curve over time shows a series of sharp swings. Each swing follows the price but with a stronger amplitude. As the indicator reaches the lower part of its range, market participants see fewer coins held above cost.
The red band shows the long-term lower support for the indicator. The recent move approaches this area. This gives a view of the overall profitability cycle among holders.
On-Chain Transfer Volume Tracks a Steady Multi-Month Cycle
The on-chain volume chart shows repeated spikes through early and mid-2025. The indicator now rests at 12.55B. The pattern lines up with earlier swings that formed in 2024.
The high band forms a smooth curve that peaks in mid-2025. The low band keeps a rising shape from early 2024 through late 2025. The price line follows a similar path, which links activity levels with valuation.
The question that now arises from these four indicators is simple. Will these aligned declines signal a deeper shift in market structure or mark a short-term reset before new strength forms?
