Bitcoin's 24% Drop: Coinbase CVD Hit -$1.08B, Not Binance
CoinGlass spot cumulative volume delta on Coinbase reached -$1.08 billion between Oct. 31 and Nov. 15, while Binance, OKX and Bybit all recorded positive CVD over the same window. The flow data undercuts the trader narrative blaming Binance for Bitcoin's roughly 24% slide from $81,188 on Nov. 4 to $61,956 on Nov. 14, and instead lines up with selling ahead of Anthropic's Nov. 19 Nasdaq listing.