According to @52kskew, $112K is a critical price level for Bitcoin (BTC) as bid depth is increasing with new buy orders emerging below this mark, indicating strong market demand. The initial market reaction may be a bounce from this level, with the potential for the $112K area to be retested or swept in the following week. Traders should monitor order book dynamics and price action closely for potential short-term trading opportunities around this support zone. Source: @52kskew

According to @52kskew, the Bitcoin (BTC) market remains closely correlated with equity flows, which is relevant for traders monitoring cross-asset sentiment. The market has seen a third sweep of the initial low, with Spot Cumulative Volume Delta (CVD) trending downward, indicating significant absorption of sell orders around the $14,500 level. Increased bid depth between $13,000 and $12,000—often a support zone for price bounces—suggests that traders should monitor these levels for potential reversals. Additionally, the $16,000 level is highlighted as a critical threshold for maintaining the broader trend, making it a key resistance to watch for directional signals (source: @52kskew).