CVD — Cumulative Volume Delta
Cumulative volume delta (CVD) shows the accumulated difference between aggressive buys and sells. Unlike the glass, CVD records real transactions - who initiated the price movement: buyers or sellers.
Status on exchanges (BTC)
| Exchange | CVD 1 hour | CVD 4 hours | CVD 24 hours | Trend CVD | Signal |
|---|---|---|---|---|---|
| Binance | +$142M | +$480M | +$620M | Bullish | |
| OKX | +$58M | +$190M | +$240M | Neutral | |
| Bybit | +$44M | +$148M | +$185M | Bullish |
CVD - what's really happening in the market Bitcoin?
CVD (Cumulative Volume Delta) is the running sum of the volume delta for each period. Delta = market buy orders minus market sell orders. A positive delta means aggressive buyers are dominating: more people are hitting the ask (buying at the market price). A negative delta means sellers are aggressive, putting pressure on the bid.
Critical signal: divergence between price and CVDAt the end of 2023, Bitcoin continued to rise, although it was already falling on the 4-hour chart—sellers were beginning to dominate despite the price increase. A few days later, a 12% correction followed. This is a classic bearish divergence. CVD: the price is rising due to "passive" purchases (limit orders), and market aggression is already unfolding.
CVD — a more "honest" indicator than volume alone. Large volume can come from both buying and selling. CVD Separates: in which direction the aggression was. Use in conjunction with Price Action to confirm breakouts and identify weak movements.
Signals and their interpretation
Price increase + Growth CVD
A confirmed bullish trend. Buyers are aggressive, hitting the ask. The movement is steady, confirmed by actual order flow.
Price increase + price decrease CVD
Bearish divergence. The price is rising due to passive buying, but aggressive sellers are applying pressure. There is a high risk of a downward reversal.
Price Fall + Price Growth CVD
Bullish divergence. The price is falling, but buyers are aggressively accumulating. A bottom or reversal is near. Often seen when the "smart money" is accumulating.
Price Drop + Fall CVD
Confirmed bearish phase. Sellers are aggressive. The downtrend is supported by real selling pressure. Avoid buying against the trend.