When we get spot CVD dropping sharply while price holds, it doesn’t mean the rally is driven by perps. Perps and spot books are different, and perps is always chasing spot (not viceversa), What it means is there's absorption
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There’s no such thing as a "perps-driven rally"
When we get spot CVD dropping sharply while price holds, it doesn’t mean the rally is driven by perps. Perps and spot books are different, and perps is always chasing spot (not viceversa), What it means is there's absorption