According to @52kskew, Bitcoin (BTC) has experienced significant downward pressure due to aggressive open shorting in a thin order book, compounded by time-weighted average price (TWAP) spot selling that is protecting the downward move. This trading environment signals heightened volatility and potential for further price swings, making risk management critical for traders in the current BTC market (source: @52kskew).

According to Skew Δ (@52kskew), the BTC weekly open and upcoming futures open are drawing attention due to persistent TWAP spot selling observed over the weekend (source: @52kskew, April 27, 2025). Clusters of ask orders have been spoofing prices lower on perpetual futures, creating artificial downward pressure. Additionally, long positions continue to be baited and subsequently sold during short-term price bounces, indicating a challenging environment for bullish traders. This pattern suggests traders should exercise caution and closely monitor order book dynamics and liquidation zones during the upcoming sessions.