According to @52kskew, BTC bounced after hours on correlation with S&P 500 futures ES, with a clear spot algo bid leading the move while futures priced off $89K and open interest surged over the past day, setting $92K and $89K as the key perpetual levels for trend confirmation, source: @52kskew. Acceptance above $92K could force notable short covering, while losing $89K with fading buyer interest risks a repeat of yesterday’s action, making these levels the primary near-term trade triggers, source: @52kskew.