Cumulative Volume Delta for spot markets — the running total of the difference between taker buy and taker sell volume on exchanges.
Rising CVD = net buying pressure dominating. Falling CVD during price increases = bearish divergence (sells being absorbed). CVD direction change often precedes price reversals.
Periodic payments between long and short traders in perpetual futures contracts. Positive rates mean longs pay shorts; negative rates mean shorts pay longs. Keeps perpetual prices anchored to spot.
The annualized spread between Bitcoin futures prices and the spot price. Represents the cost of carry and reflects market sentiment about future prices.
The total number of outstanding Bitcoin options contracts. Shows the total notional value of calls and puts across exchanges like Deribit, CME, and others.
The total daily trading volume of Bitcoin futures contracts across all exchanges. Measures the level of speculative activity and leveraged trading.