The Secret of Delta Divergences
Cumulative Volume Delta (CVD) is the running cumulative sum of (Market Buy Volume - Market Sell Volume). A bullish absorption divergence occurs when CVD makes lower lows while market price makes higher lows. This reveals that aggressive sellers are exhausting their ammo directly into a passive institutional bid wall.
Comprehensive Cluster Guide
Read Master Guide Mastering Crypto Microstructure: Toxic Order Flow, Aggregated Depth & VPIN
Master cryptocurrency market microstructure. Learn how Toxic Order Flow (TOF), aggregated limit order books, and VPIN toxicity reveal institutional positioning.
Institutional Tooling
Analyze BTC Liquidation Heatmap
Combine order flow absorption with live liquidation clusters for high-probability setups.
Analyze BTC Liquidation HeatmapFrequently Asked Questions
Can CVD be faked by market makers?
Market makers cannot fake trade prints; every trade consumes capital and taker fees. However, aggressive market orders can be matched against an iceberg limit order, which is why CVD must be analyzed in conjunction with order book depth.