According to @52kskew, Bitcoin (BTC) has a persistent passive buyer defending the $110K level while overhead ask liquidity is pinning price inside the current lower-timeframe range, indicating an order-book clamp that traders should monitor for reversals or breakouts, according to @52kskew. According to @52kskew, perpetual futures positioning shows shorts chasing price lower into demand, signaling late-momentum selling into support that can fuel short squeezes if bids hold, according to @52kskew. According to @52kskew, multiple breakdown attempts have been absorbed by passive bids, and a lift would require taker bids to reassert control, signaling buyer dominance and a potential shift in market microstructure, according to @52kskew. According to @52kskew, traders should track $110K as near-term support and the local ask-wall resistance for either mean-reversion scalps or a momentum breakout once taker flow confirms, according to @52kskew.

According to Skew Δ, BTC is experiencing LTF absorption below $95.8K, with passive buyers being filled amidst taker selling. For a sustained upward movement, buyers need to control the $96K level.