Analyst Claims Bitcoin “Is Being Set Up” After Binance-Coinbase CVD Shock

The post Analyst Claims Bitcoin “Is Being Set Up” After Binance-Coinbase CVD Shock appeared first on Coinpedia Fintech News

Bitcoin‘s latest move has traders debating whether they’re watching normal volatility or something far more coordinated.

And the data behind Wednesdays price action gave analysts plenty to talk about.

Binance Buys, Coinbase Dumps？

According to market commentator @NoLimit, Bitcoin‘s CVD readings showed a rare split between two of the biggest exchanges. Binance’s CVD spiked sharply upward, while Coinbases dropped hard at the same time.

he said. Meanwhile, Coinbases CVD

He argues that this isnt typical spot flow. Instead, he calls it Bitcoin reacted in real time with a quick dump, and is now trading at $89,787.

A Pattern Around the U.S. Market Open

This isn‘t the first odd behavior he’s highlighted. For weeks, Bitcoin has been selling off almost immediately when U.S. markets open. Gains built overnight often vanish within minutes. he said, noting the repeated 10 a.m. EST drops.

He points to high-frequency trading giant Jane Street, saying the timing lines up with their style – fast hits into liquidity, quick exits, and repeated cycles. He also notes Jane Street‘s large position in BlackRock’s IBIT ETF.

The $94K Spike That Didnt Look Organic

He also called the recent burst to $94K “pure manipulation,” pointing to thin order books, clustered large buys, and no follow-through. Funding rates and open interest rose at the same time – another sign, he says, that the move was engineered to create FOMO before selling into strength.

“Pay Attention”

His warning is that when major exchanges show opposite flows, Whether that move breaks higher or lower, traders are watching the order books closely.