According to Skew Δ (@52kskew), Bitcoin (BTC) is currently testing its first cluster of sell-side liquidity around the $108K to $109K range, with significant supply pressure observed. Short positions have pushed BTC price up throughout the day and are now at risk, especially if bullish momentum continues. This setup increases the probability of a short liquidation event as the market heads toward the US close and the start of the Asia session, which could amplify volatility and offer high-risk, high-reward trading opportunities for active traders (source: Skew Δ on Twitter, June 16, 2025).