glassnode: The strong selling pressure since the "1011" big dump has subsided, which may indicate a trend reversal.

BlockBeats news, on October 27, glassnode released a market view stating that since the “1011” big dump, the Spot and Futures CVD (Note: CVD stands for Cumulative Volume Delta, a technical indicator used in trading to measure the net difference between buying (aggressive buying) and selling (aggressive selling) trading volume over a period of time, helping traders assess market sentiment, buying and selling pressure, and potential price reversals or divergences.) has first tended to stabilize, indicating that the strong dumping pressure of the past few days has faded. The financing interest rate remains below the neutral level of 0.01%, indicating there are no excessive long positions or bubbles. In fact, the financing interest rate has seen several significant falls in the past two weeks, indicating that participants tend to be cautious. Various signs show that aggressive dumping pressure has actually peaked. These extreme sentiments usually signal areas of opportunity for trend reversals.