Does the spot market confirm strong demand for RAY

Does the spot market confirm strong demand for RAY?

The Spot Taker CVD over a 90-day window highlights dominant taker buy activity, confirming sustained buying pressure in the spot market. 

This metric reveals that traders have been aggressively entering long positions via market buys, which typically accompanies bullish trend reversals. 

With this aggressive spot behavior backing the breakout, the upward move appears well-supported by organic demand rather than just derivatives speculation. 

The alignment of spot and leverage data strengthens the outlook for extended upside in the near term.