According to @52kskew, BTC has rallied from market demand into visible supply, with significant new positioning added since the recent low, source: @52kskew on X, Oct 1, 2025. The rally coincided with large perpetual futures bids and a rise in open interest into price, indicating likely accumulation by a significant fund, source: @52kskew on X, Oct 1, 2025. A sustained Coinbase bid and premium in recent days helped drive spot price into 118K, source: @52kskew on X, Oct 1, 2025. Order books now show notable ask depth on both sides and fresh ask liquidity acting as market supply, source: @52kskew on X, Oct 1, 2025. For bullish continuation, dips should see proactive spot buying with a leverage flush, while 115K remains an important level to watch, source: @52kskew on X, Oct 1, 2025.