BTC: Spot Delta Divergences
Shown as its 3 Oct – 1 Nov 2026 sample; the latest readings and full history are included with Pro.
Hours in which BTC spot price made a new 24-hour high or low while cumulative volume delta did not, in each period.
Why use it. A new price high that takers are not buying into, or a new low they are not selling into, is a classic warning that a move is losing conviction. How to read it. Bearish divergence counts new 24-hour highs without a new CVD high, bullish divergence new lows without a new CVD low. Treat as a warning rather than a timing signal; divergences can persist.
Calculation. For each closed hour, compared with the previous 23 hours: the close is above the highest (or below the lowest) prior close while the market type's cumulative volume delta is below its prior 23-hour high (or above its low). Counts per period; requires at least 20 of the prior 23 hours. Published for Bitcoin, Ethereum and Chainlink. Source: our own trade-by-trade price-level capture of the public spot trade feeds of Binance, Bybit, Bitget, Gate, KuCoin, HTX, Crypto.com, OKX, Coinbase and Kraken, for BTC's spot markets against USD, USDT, USDC and FDUSD. Every trade is added, in US dollars and on its taker side, to the price level it executed at, on one fixed grid for the coin across all venues: a tick of 1, 2 or 5 times a power of ten, about 0.01% of the price when the collection began; rows of the views are whole numbers of ticks, so every total is an exact sum of trades. Stablecoin quotes (USDT, USDC, FDUSD) count at face value as USD, so venues quoting in different stablecoins share one price axis. Trades missed during a reconnect are not estimated, and venues we do not collect are not included, so volumes understate the whole market; prices on the venues differ slightly (stablecoin quotes, perpetual premiums), so aggregated highs and lows are the extremes of any covered venue. History starts when this collection began on 22 October 2026; no earlier values are reconstructed. OKX, Coinbase and Kraken are included from 23 October 2026, when this collection added them; no earlier values are reconstructed for them.