BTC Spot CVD Reveals Imbalance in Order Flow Between Retail and Institutional Traders

The BTC/USDT spot cumulative volume delta (CVD) chart revealed an imbalance in order flow between retail and institutional traders on September 1.

At 10:00 a.m. UTC, the CVD lines showed that while small orders were relatively balanced, large orders between $1 million and $10 million displayed a bullish lean.

This divergence is significant because large order flow often has a stronger impact on price due to its size and potential for execution over multiple venues.

Traders should remain cautious about interpreting this indicator alone, as it is a lagging metric reflecting executed trades rather than future intentions.