Bitcoin bounced, but flows still look offside ⚠️ Price is back near 87k, but the structure is weak: Perp CVD up, Spot CVD deeply negative → leverage chasing, spot selling Total CVD below prior highs → softer aggression on this move Premium index negative → US spot demand still missing Takeaway: This looks like a perp squeeze into resistance, not solid spot buying. If longs tire, low 86k / 84k can come back fast. Watch: Spot CVD rising with price and the premium index drifting toward zero.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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