BTC Now is not the time to become too bullish. Price is currently moving sideways while both spot and perps continue to sell into the move. The fact that BTC is holding despite this selling pressure suggests that a decent amount of it is being absorbed by passive buyers. However, as long as both Spot and Futures CVD keep trending lower, there is still a clear lack of buying interest. If aggressive selling persists and passive buyers aren’t able to absorb this selling pressure anymore, this could quickly turn into a sharp pullback.