The total volume for bitcoin this month on binance BTC/USDT is the largest on record.
If we look to cumulative delta volume, we can see the insanely large divergence going into the monthly close. This suggests buyers are stepping in and absorbing a lot of selling volume. Not only that, the CVD has pushed back up above the 20MA.
Times of divergence in CVD suggest a change in momentum. The higher the timeframe, the more significant. You can see a similar event on the COVID 1M candle in March '20 where the candle was bearish but delta volume showed buyers soaking up the sell volume.
This is an important time for bitcoin and crypto. Currency and bond markets in turmoil, major companies are facing slowing growth, employment etc and the macroeconomic outlook looks bleak.
If bitcoin is to show its value, its here, otherwise... run.
NB: There are inherent "issues" with CVD that one should understand when interpreting it. The official tradingview CVD indicator gives a great summary about this.