Retail Buying Dominates But Large-Order Flow Lags Behind in Bitcoin Market

The latest BTC/USDT spot cumulative volume delta (CVD) chart shows a divergence between small and large order flows, suggesting that retail traders are buying while larger players hold back or distribute.

The CVD lines indicated this at the 9:00 UTC reading on August 28, with the yellow line tracking small orders showing steady accumulation, while the brown line tracking large orders appeared flat or slightly declining.

This divergence can signal a potential reversal if large orders continue to lag, as retail buying alone often lacks the volume to sustain price momentum.