According to @52kskew, Bitcoin (BTC) continues to see upward price support as bids move higher to keep prices elevated. The analysis highlights that increased long positioning is being bought back, with algorithmic bids primarily driving the price up while additional bids remain layered under the current price. This activity often creates a 'game of chicken' dynamic, where traders wait to see who will act first. These trading behaviors indicate strong support for BTC in the near term, which is relevant for both spot and derivatives traders. Source: @52kskew.