According to @52kskew, BTC saw partial fills on cluster bids in Binance perpetuals, while spot order books only showed brief bid depth on low time frames, signaling weak follow through from derivative liquidity, source: @52kskew. The sell off was correlated with TradFi and driven by spot selling, making a turn to spot led taker bidding the key for any sustained bounce, source: @52kskew. A sustained recovery likely requires visible spot taker demand rather than relying on perps, per the source, source: @52kskew. Price also tagged previous all time highs and highs, placing key technical levels in play alongside order flow signals, source: @52kskew. Traders should prioritize monitoring spot taker flow and bid replenishment around prior highs for confirmation of a rebound, as indicated by the source, source: @52kskew.

According to @doctortraderr, Bitcoin's current weekly close is highly significant, as a close below the previous all-time high (ATH) level signals a need for heightened caution among traders. This technical macro update highlights that if BTC finishes the week under this critical resistance, selling pressure could increase and trigger further downside. Active traders should monitor this level closely for risk management and adjust positions accordingly, as a breach below the previous ATH may lead to increased volatility and trend reversals (source: @doctortraderr, May 25, 2025).