According to @52kskew, BTC shows limit bids chasing price higher, indicating passive buyers stepping up the order book; source: @52kskew on X, Aug 22, 2025. Spot Cumulative Volume Delta is rising with price, reflecting active market buy participation; source: @52kskew on X, Aug 22, 2025. There is notable ask depth on spot venues alongside declining bid depth on perpetuals, highlighting overhead liquidity with weaker bid support on perps; source: @52kskew on X, Aug 22, 2025. The author added that for the price to continue rallying from here it would take considerable buy-side effort; source: @52kskew on X, Aug 22, 2025.

According to Greeks.live, there is a potential market trap where limit bids are being moved up to encourage bullish taker flow, which could be a strategy to sell. The commentator also mentions that this interpretation might be influenced by their current position of being short on calls.

According to Greeks.live, there is a possibility of a market trap where limit bids are moved up to encourage bullish taker flow, potentially to facilitate selling. This interpretation may be influenced by a short-term bias, as the user is currently short on call options.