BTC rebounds after touching $63.1K on Binance spot as selling appears in CVD

BTC fell from around $64,000 to $63,100 in about two minutes on Binance’s USDT spot trading pair at around 8:37 a.m. UTC on July 20, then recovered to its previous level. Other exchanges also saw declines, but not to as low as $63,100. The move left a long lower wick on the Binance BTC/USDT spot candle. Meanwhile, Material Indicators’ spot CVD chart, an order-book analysis chart for the BTC/USDT spot pair, showed that most participant groups were recorded as selling.