最新报道:According to Bijie.com, Glassnode posted on the X platform that Bitcoin's rally to $126,000 has reversed due to the dual impact of macroeconomic pressures and the liquidation of $19 billion in futures contracts. With ETF inflows slowing and market volatility soaring, this historic round of leveraged liquidation is pushing the market into a reset phase. Notably, spot trading volume surged during this wave of liquidations, reaching a year-to-date peak. Cumulative Volume Delta Deviation (CVDB) monitoring reveals significant active selling pressure on Binance, while Coinbase showed net buying, indicating that institutional investors are taking over the selling on US-based trading platforms. Overall, CVDB shows only a modest net selling bias, far less severe than the panic selling of spot markets in late February 2025. This suggests that the recent pullback is primarily driven by localized deleveraging rather than a large-scale capital outflow.