Recent data reveals Bitcoin’s spot market has transitioned into a neutral zone, signaling a shift in trader sentiment from previous periods of robust buying activity. Key indicators illustrate this change: the Cumulative Volume Delta (CVD) across major exchanges like Coinbase and Binance now sits at neutral, reflecting reduced buyer momentum. This transition is impacting the broader cryptocurrency market as witnessed by altcoin volatility mirroring Bitcoin’s neutrality. Institutional investors are also displaying cautious behavior with ETF inflows remaining modest, totaling around $81.25 million in recent days. Notably, traders remain wary of rapid price shifts and potential resistance points. This neutral shift signifies a period of uncertainty for Bitcoin’s future trajectory, as historical data reveals past neutral phases often lead to market adjustments or plateaus. Analysts emphasize the need for continued monitoring as traders gauge current on-chain and derivatives trends.