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October 11, 2025NewsBTC logoNewsBTC

Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone

Following a new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating in the low $120,000 ￰0￱ exchange data – such as Cumulative Volume Delta (CVD) Confirmation Score – suggests that BTC is benefitting from strong underlying ￰1￱ Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s CVD Confirmation Score – a 30-day rolling correlation between Bitcoin’s price and the CVD – is suggesting a strong resynchronization of the ￰2￱ Reading: Bitcoin Decouples From Miner Flows With -0.15 Correlation – What It Means For Price? For the uninitiated, the CVD Confirmation Score measures the 30-day correlation between Bitcoin’s price and the CVD, which tracks the net difference between taker buy and sell volumes on exchanges.

A high score (above 0.7) indicates that price increases are backed by real buying pressure, while a low or negative score suggests weak or speculative ￰3￱ data from Binance shows that the CVD Confirmation Score currently hovers around 0.8 to 0.9, indicating that the current price surge is largely driven by genuine taker buying rather than a technical bounce or a short ￰4￱ data also suggests that whenever this data point has remained about 0.7 for an extended period, price corrections tend to be relatively shallow and ￰5￱ is because new liquidity in the market quickly absorbs any incoming supply of ￰6￱ CryptoQuant analyst remarked that if the CVD Confirmation Score continues to hover above 0.7 – coupled with a decisive breakout above the $124,000 – $126,000 resistance zone – then it could be on its way to a potential target of as high as $135,000.

However, any negative divergence with BTC price rising and CVD Confirmation Score dropping below 0.4 should be seen as a warning sign, as it increases the likelihood of distribution or liquidation pressure. Conversely, the $112,000 – $115,000 and $108,000 – $110,000 stand out as strong support levels for ￰7￱ these price levels, the CVD Confirmation Score should remain steady to ensure the uptrend remains ￰8￱ Chain added: The underlying trend is bullish and supported by real inflows on Binance, the highest-volume exchange ￰9￱ three confirmation signals: CVD Confirmation stays high, open interest remains moderate, and funding does not become ￰10￱ clear imbalance across these metrics will be the first warning of a momentum ￰11￱ BTC Due For A Correction?

While bulls are hoping for an extended rally for BTC, some analysts aren’t quite convinced about the digital asset surging to new highs in the near ￰12￱ instance, crypto analyst ZVN recently stated that BTC may witness a pullback before its next surge to $150,000. Related Reading: Short-Term Holder Supply Rises By 559K Bitcoin – New Buyers Flood the Market Similarly, fellow crypto analyst Dick Dandy recently predicted that BTC may witness a massive 60% price correction, falling all the way down to $43,900. At press time, BTC trades at $118,791, down 1.8% in the past 24 ￰13￱ image from Unsplash, charts from CryptoQuant and ￰14￱

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