BTC BTC keeps pumping while spot keeps selling. The growing divergence between price and spot CVD suggests that the move is being supported primarily by perps rather than strong spot demand. As long as this divergence continues, I remain cautious about the sustainability of the rally. A move higher without spot buyers stepping in could become increasingly vulnerable to a sharp pullback. For now, I’ll be watching whether spot demand starts to recover or if price continues to push higher despite the ongoing selling.(Max Trades)