According to Skew Δ (@52kskew) on Twitter, Bitcoin (BTC) experienced a short-term bounce as short sellers took profits, leading to renewed buying activity. The $104,000 price level remains a critical support, with increased bid depth returning at this zone, suggesting strong market interest and potential for further volatility. Traders should monitor order book dynamics and watch for sustained price action above $104K to gauge bullish momentum. Source: @52kskew, Twitter, June 20, 2025.

According to Skew Δ, Bitcoin (BTC) experienced another sweep at the $104,000 level, with visible passive buyers and significant orderbook size indicating this price is crucial to the current market structure (source: @52kskew, Twitter, June 18, 2025). Earlier long positions have been flushed out, while bid depth has increased across both major orderbooks, suggesting robust support and heightened trading interest at this level. Traders should closely monitor price reaction near $104K for potential entry or exit signals, as these orderbook dynamics often precede high-volatility moves relevant for both spot and derivative BTC markets.