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, the current underlying bid for Bitcoin is passive and primarily related to perpetual contracts. To achieve a strong bounce, it is necessary to see a sustained taker bid and higher accepted value. This indicates that active buying interest and increased price acceptance are crucial for upward momentum.

According to Skew Δ (@52kskew), the same buyer who previously purchased during sell pressure in the BTC market has re-entered, indicating a potential strategic positioning. The market is currently net positioned for lower prices, suggesting that if there is an upward movement, it should be supported by increased buying flows such as chasing limit bids and taker bids.

According to @52kskew, a similar algorithmic trading pattern as observed previously is causing taker bids to drive prices up initially into the US market open. This activity suggests continued influence of algorithmic strategies in the cryptocurrency market, particularly around key trading times like the US open.