According to Skew Δ (@52kskew), a significant firm or crypto whale has exited their position and gone completely flat in the BTC market. Skew highlights $102,000 as the next critical price level for Bitcoin (BTC), emphasizing that market flows and positioning will be crucial for traders from this point forward. This indicates increased volatility and the potential for large moves as major players reposition, making close monitoring of order books and on-chain flows essential for crypto traders. Source: Twitter (@52kskew).

According to Skew Δ, the current key price for BTC is $106.7K, with pre-positioning shorts scaling up in perpetual futures. The tweet highlights that algorithmic trading is expected to lead market flow if BTC trades below this critical level, signaling potential for increased volatility and trading volume around the $106.7K threshold. Traders should closely monitor price action at this level for breakout or breakdown opportunities. (Source: Skew Δ on Twitter, June 16, 2025)