According to @EauDoon, early spot buyers entered around $0.20–$0.40 and mid entries were around $0.40–$0.70, with these bands later proving important in the move, creating clear reference levels for traders (source: @EauDoon). Perpetuals first launched on Lighter at $0.70 with funding at 0.2% per hour, driving a move to $0.80 before a dip to $0.60, marking the first major pullback low (source: @EauDoon). Aster DEX perps followed with 0.2% funding, opening at $0.75 and dropping to $0.53, establishing the deepest retrace in the sequence (source: @EauDoon). Binance listed $ASTER perps next, with price reaching $1 before pulling back to $0.60 on Binance and $0.87 on other venues, while Binance funding ranged 0.3%–0.4%, indicating elevated long costs during the listing phase (source: @EauDoon). Above $1, $ASTER showed consistent low-timeframe profit taking and pullbacks, underscoring active two-way flow rather than a straight-line rally (source: @EauDoon). Throughout the advance, large swings and exchange dislocations pressured holders to deleverage, trigger stop losses, realize profits early, or absorb steep funding, explaining why sustained positioning was difficult despite upside, according to the author (source: @EauDoon).

According to Skew Δ (@52kskew), the $110,000 price level for Bitcoin (BTC) represents a critical liquidity zone, acting as the dividing line between the local high and a potential breakout point. Market data shows concentrated supply at this level, with Binance perpetual futures order books displaying a skewed ask depth and an increase in short positioning. This confluence suggests $110K is a pivotal area where significant liquidity could lead to strong price reactions, making it essential for traders to monitor for momentum shifts or breakout confirmation. (Source: Skew Δ, Twitter, May 21, 2025)