Bitcoin (BTC) intelligence, research notes, evidence lineage, and market structure metrics.
BNB price expanded 7.8% over 48 hours. On-chain CVD and exchange tick data confirm spot buying preceded derivative liquidations, ruling out pure leverage squeeze as the primary trigger.
Spot cumulative volume delta turned net positive +$42M 4 hours before price expansion.
$18.4M in short contracts liquidated within 3 hours, accelerating price slope.
Social sentiment volume spiked after price broke $580 resistance.
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