According to Skew Δ, a significant short of 1-2K BTC was executed to drive Bitcoin (BTC) price down to $103,000, but most of this was quickly absorbed as buy orders filled between $103K and $102.5K. This rapid absorption indicates the presence of a large buyer actively pursuing fills on both perpetual and spot markets, suggesting robust support at these levels. Traders should monitor order flow and liquidity around $103K, as sustained buying could provide a foundation for a potential price rebound. All insights are based on Skew Δ's real-time market analysis via Twitter.