Market Pressure Builds Near Key 2025 Levels as Spot CVD Drops Below $450 Million

A significant decline in spot CVD (Coin Value Daily) to -$449.89 million indicates growing market pressure near key levels for the cryptocurrency market. Futures open interest also shows a decrease, suggesting shifting market sentiment and leveraged positioning changes. The article analyzes four prominent indicators, including spot CVD, futures open interest, percent supply in profit, and on-chain volume, to illustrate the current market dynamics. The analysis concludes with a question about whether these aligned declines signal a deeper shift in the market structure or just a short-term adjustment.