David Lawant: Bitcoin selling pressure mainly comes from the United States

David Lawant, Head of Research at Anchorage Digital, published on X the Cumulative Volume Difference (CVD) for Bitcoin spot trading pairs on four exchanges: Binance, Upbit, Coinbase, and OKX. The comparison shows that Coinbase's CVD index declined steadily from November 9th without any sustained rebound, while the other three exchanges showed little fluctuation during the same period. David Lawant stated that the current selling pressure on Bitcoin mainly came from the United States.