PANews|Sep 16, 2026 01:24
[Willy Woo: Selling Pressure Observed on Coinbase in the U.S., Binance Buying Activity Rebounds from Lows]
Bitcoin analyst Willy Woo posted on X, stating that after the procedural vote on the CLARITY Act failed in the Senate, he observed from the cumulative volume delta (CVD) across various exchanges that Coinbase's CVD accelerated downward to approximately -6,659 BTC, reflecting selling pressure from U.S. investors. Meanwhile, Binance's CVD rebounded from its lows to approximately -5,841 BTC. Based on this, he believes that the more dominant offshore market is still accumulating, and he described this divergence as bullish. During the same period, BTC fell from its high of $80,560, briefly dipping to $74,968. As of the time of writing, the CVDs for Bybit, OKX, and Bitstamp are approximately -582, -1,135, and -764 BTC, respectively.
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