Bitcoin Sellers Pile On: CVD Drops to -105,300 BTC Since Mid-October

Bitcoin's cumulative volume delta has dropped to -105,300 BTC since October 14, according to a CryptoQuant analyst flagged by Cointelegraph. The reading captures a stretch in which aggressive sellers have been driving the tape, with $BTC falling from $84,000 to $76,000 over the same period.

Cumulative volume delta tracks the difference between market buy and market sell orders across spot venues. A deeply negative print means traders hitting the bid have outweighed those lifting offers. In other words, this isn't passive profit-taking — it's sellers stepping in and taking whatever price is available.

The scale of the drawdown matters. A slide from $84,000 down to $76,000 marks a drop of roughly 9.5% from the higher level, and the CVD figure suggests the move was backed by real order flow rather than thin, wick-driven noise.

The analyst's read is blunt: the negative delta is a signal of aggressive selling. That framing puts the focus on whether the pressure is exhaustion or the start of something longer, since a delta this one-sided can flip fast when buyers return.

For now, the number stands as the latest on-chain evidence that sellers hold the upper hand. Traders watching the metric will be looking for it to flatten or turn positive before calling any kind of bottom.