According to Skew Δ, BTC experienced a strong upward impulse into the $106,000 level, with significant short positions still present and additional shorts being added. The order books show notable ask depth, indicating that spot flow is currently dominant and highly influential for today’s trading. For BTC to move higher from this level, substantial taker bids in the spot market will be required, highlighting the importance of real buying demand to drive further price auctions. Traders should monitor order book dynamics and spot market flows closely as they are key to near-term price direction (source: Skew Δ via Twitter, June 20, 2025).