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Bitcoin's Surge After Trump's Crypto Reserve News Showing Signs of Sustainable Bullish Run
Spot CVD shows buyers as the aggressors, indicating spot demand as open interest stays flat.
Updated Mar 2, 2025, 6:57 p.m. Published Mar 2, 2025, 5:36 p.m.
What to know:
- Spot cumulative volume delta shows buyers stepping in, indicating spot demand of over $200 million in the past hour.
- Futures open interest has declined during the day, putting more emphasis on spot demand, as bitcoin breaks $91,000.
has surged 7% in the past hour, crossing $92,000 after Donald Trump announced that the U.S. will move forward with establishing a crypto strategic reserve. The price is now up 15% from recent lows of $78,000.
Data indicates this rally is driven by spot demand rather than speculation, signaling a healthy, organic move. Spot Cumulative Volume Delta (CVD) shows buyers as the aggressors, with over $200 million in spot inflows in the past hour. Meanwhile, futures open interest has declined, reinforcing that this surge is fueled by real buying rather than leveraged speculation.
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Read more: Bitcoin Jumps Above $91K After Trump's U.S. Crypto Reserve News Brings Bulls Back
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