BTC Spot keeps selling, but price refuses to break down. Spot CVD has now been trending lower for days, showing that much of the recent downside pressure has come from aggressive spot selling. However, despite all of that selling pressure, BTC continues to hold above the $83k region. That tells us that a lot of this selling is likely being absorbed by passive buyers sitting underneath price. Meanwhile, open interest has continued to cool off, showing that a significant amount of leverage has been flushed out of the market. As long as buyers keep absorbing this aggressive selling pressure, I would rather consider this a sign of strength than a reason to turn bearish.