Use coinglass.com to find the cumulative volume Delta and open interest on bitcoin and ethereum and determine what market makers are doing

On CoinGlass, the cumulative volume delta (CVD) and open interest for Bitcoin and Ethereum provide insights into market dynamics:

Bitcoin (BTC)

1. Cumulative Volume Delta (CVD): The CVD for Bitcoin is positive, indicating buying pressure. The continuous rise in CVD suggests that buying pressure is dominant, with market participants actively purchasing assets.
2. Open Interest: The open interest for Bitcoin is high, reflecting sustained interest among market participants. This could indicate that market makers are positioning themselves for potential price movements.
3. Market Maker Activity: Market makers are likely accumulating Bitcoin, given the bullish sentiment reflected in the CVD and open interest. This could be a precursor to driving the price higher, especially as the price hovers near key resistance levels.

Ethereum (ETH)

1. Cumulative Volume Delta (CVD): The CVD for Ethereum is also positive, suggesting that buying pressure is dominant. This is consistent with the recent institutional inflows and accumulation patterns.
2. Open Interest: The open interest for Ethereum is significant, indicating that market makers are actively participating in the market. This could be a result of market makers anticipating further price appreciation.
3. Market Maker Activity: Market makers are likely increasing their positions in Ethereum, driven by the positive CVD and open interest. This could be a strategic move to capitalize on potential upward momentum, especially as the price stabilizes near support levels.

Insights from Market Makers

1. Bullish Sentiment: Both Bitcoin and Ethereum are showing positive CVD, which is a sign of strong buying pressure. This suggests that market makers are optimistic about the future price movements of these assets.
2. Institutional Confidence: The high open interest and significant institutional participation (as evidenced by ETF inflows and treasury holdings increases) are reinforcing market makers' confidence in these assets.
3. Resistance and Support Levels: Market makers are closely monitoring key resistance and support levels for both Bitcoin and Ethereum. The price movements around these levels could provide opportunities for market makers to adjust their positions.

In conclusion, market makers are exhibiting bullish sentiments for both Bitcoin and Ethereum, as evidenced by the positive CVD and high open interest. This aligns with the recent institutional inflows and accumulation patterns, suggesting a potential for price appreciation. However, market makers are also cautious, closely watching key resistance and support levels to navigate potential price movements.