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What is CVD? Cumulative volume delta for Bitcoin

Originally published on swiftedge.uk . Swiftedge makes free browser tools for live Bitcoin and Ethereum order flow. Cumulative volume delta, or CVD, is a running total of aggressive buying minus…

  • Calculated by summing differences between taker buy and sell volumes over trading day.
  • Strong correlation (0.75) between CVD and price movement, but no predictive power for future prices.

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